Forget a soft landing. The market's best hope is a 'growth' recession [CNN]
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Source: CNN
Forget a soft landing. The market's best hope is a 'growth' recessionByNicole GoodkindUpdated 7:56 AM ET, Mon September 26, 2022Replay s ...MT WATCH01:16A version of this story first appeared in CNN ' newsletter. Not a subscriber? You can sign upright here. You can listen to an audio version of the newsletter by clicking the same link.New York (CNN )The Fed darkened its tone at lastweek's policy meetingThe S&P 500, already in a bear market, experienced another major downswing on Friday. The fell briefly into bear territory and closed at its lowest level since 2020.But while investors have waivered between whether the Fed will achieve a "hard" or "soft" landing, there's a third, in-between possibility where everything feelskind ofWhat's happening:Read The new aim appears to be for a so-called growth recession: A prolonged period of meager growth and rising unemployment. The pain is sharper and lasts longer than that of a soft landing, but a "growth" recession doesn't pull the entire
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