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Multi-decade Runway, Consumer Cracks, and Power Player 7/17/23

The Exchange

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Raymond James: Too Optimistic for Recession Forecasts

Goldman's Jan Hazzias lowering his recession odds over the next year to just 20% from 25%. He cites cooling inflation and a strong labor market. Raymond James isn't convinced just yet, writing in a new note that projections look materially too optimistic if nominal growth across the economy continues to slow.

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