Recession Likely in 12-18 Months Despite Recent Economic Resilience, Warns Russell Investments

Russell Investments argued a recession in 2024 is likely despite recent economic resilience.

They raised near-term recession probability to 55% due to lag effects from higher rates.

Market experts predicting a soft landing think Fed is near done tightening and economy has felt most impacts.

Russell Investments counters this citing long-term drag effects still to come.

They advise investors stay cautious amid likely, but not inevitable, recession in 12-18 months.