Soft landing hopes fade as lagging rate hikes threaten fragile economy

A soft landing for the US economy now has less than a 50% chance of happening, according to Apollo Management's chief economist
Financial conditions are easing with more bonds being issued, IPO market rebounding, and increase in M&A activity
Job market has strengthened with 353,000 jobs added in January and hot economic data
Lagged effects of Fed rate hikes are slowing consumers, businesses, and bank lending
The economy is in a fragile balance between easing financial conditions and lagged impacts of rate hikes