Final Approach: May 2023 Economic Update

Executive summary:

  • The U.S. economy is likely slowing down, and a recession seems likely in the 12-18 month time horizon
  • The economic and market path won’t necessarily be linear, and there can be uncertainty in the outlook
  • The potential recession would likely lean more toward the mild-to-moderate side

The bottom line: Don’t be worried about hard landings. Staying disciplined and sticking close to your strategic beliefs can help you better manage this challenging investment landscape.