September 2023 / Arif Perspectives
The Fairy Tale of a Soft Landing
The consensus view shift toward a
mild downturn looks misplaced
1The Inflation Reduction Act and the CHIPS and Science Act were both enacted in 2022.
2Financial conditions are measured by Treasury yields, credit spreads, stock prices, and the price of the US dollar.
3Data source: Bloomberg Finance LP.
4Duration measures a bond’s sensitivity to changes in interest rates.
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