A US recession won't happen, as consumer too strong, strategist says - Markets Insider

Americans have built up trillions of dollars in savings, and are now switching their spending to services, which is less inflationary, Truist's Mike Skordeles said.

At the end of last year, almost nobody was talking about a US recession. Now, the dreaded 'R' word is on everybody's lips. A consensus is building on Wall Street that US economic growth is soon li… [+3257 chars]

full article...