Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy.
The thinking was that the US economy would grind to a halt because the Federal Reserve was effectively slamming the brakes to squash inflation. Businesses would lay off workers and inflation-weary Americans would slash spending.
But the case for a 2023 US recession is crumbling for a simple reason: America’s jobs market is way too strong.
Read More : Signs Pointing Towards a 2023 US Recession Weakening, Experts Say