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As inflation moderates, some on Wall Street see a soft landing. But risks remain
Wednesday’s CPI data should show US inflation eased in June. It’s cheering the Street, but the situation could still change.
Photographer: Angus Mordant/BloombergLisa Abramowicz
Gloom has gone out of fashion on Surveillance. Talk of a soft landing is now in vogue.
JPMorgan Asset Management's Phil Camporeale is now "highly convicted" that the US is in a soft landing, and that the chance of recession has dropped to 25% from 40% in March. Brent Schutte of Northwestern Mutual Wealth Management believes the US will get a recession, but that it'll be "short and shallow."
