Cody in FT: Inside curve: Waiting for the noise pollution to die down

Is a US recession already a foregone conclusion? Is that really what the markets, the fundamentals and the Federal Reserve are telling us? I’d argue that the set-up at the moment is more “binary”. Two starkly different outcomes look possible.

Certainly, the US economy has cooled from the torrid pace that had surprised all those economists that shoot off their guesses about the future of this $13,000bn economy in the first few months of the year, writes Cody Willard. | Read