What would happen if the US entered a 'growth' recession [CNN]
Salesforce, Inc. (CRM)
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Source: CNN
A version of this story first appeared in CNN ’ Before the Bell 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 YorkInvestors are waking up to the harsh reality of just how much pain the economy mayThe Fed darkened its tone at lastweek’s policy meetingThe S&P 500, already in a bear market, experienced another major downswing on Friday. The Dow 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:a soft landingThe 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 economy into contraction the way a proper recession
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CRM
Earnings
- 2/28/24 - Beat
CRM
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 144
- 4/22/24 - Form 144
- CRM's page on the SEC website