Economists Predict 'Soft Landing' for US Economy, But Recession Still Possible in 2024
• Economists now predict the U.S. is heading for a "soft landing" rather than a recession
• A soft landing means inflation cools while job losses are minimal and economic growth continues
• The Fed projects inflation dropping to 2.4% in 2023 and unemployment ticking up slightly to 4.1%
• But some economists still see a recession, albeit a mild one, hitting in late 2024
• Though the economy seems strong, most Americans feel their income isn't keeping up with inflation