Why Odds May Be Fading For a Near-Term U.S. Recession
Many economists are reducing their warnings, seeing potential infrastructure spending, tax cuts, soaring markets and less focus on international risks
But many share the assessment that inflation, in particular, has been too low in recent years, and that somewhat higher inflation would be a welcome development... Typically, the wealth effect of rising stock prices provides some lift to consumption and should provide some pep for the economy.