Posted 3/27/2024, 1:43:42 PM
Russell Investments: U.S. Recession Unlikely in 2024 But Economic Uncertainties Remain as Defaults Rise and Labor Market Cools
- Russell Investments thinks the U.S. will avoid a recession in 2024, but sees economic uncertainty remaining high
- Cracks are becoming visible - labor market cooling, lower-income households under stress
- Credit card and auto loan default rates up, corporate high-yield default rates rising
- Commercial real estate delinquencies continue to increase
- Markets higher on Wednesday - S&P 500, Dow, and Nasdaq all up
