"In many ways, we already have a soft landing," said Columbia Business School economics professor Brett House.
What a 'no landing' scenario means"No landing means above-trend growth, and also above-trend inflation," Grindal said, describing an economy that is "overheating."
As of the latest reading, the current annual inflation rate is 3.4%, still above the 2% target that the central bank considers a healthy annual rate.
A "no landing" scenario also means more strain on household budgets and those with variable-rate debt, such as credit cards.
"That looks like the soft landing has been more or less achieved and is likely to be sustained," House said.
Persons:
Brett House, Alejandra Grindal, Ned Davis, Grindal
Organizations:
Federal, Columbia Business School, Gross, Ned, Ned Davis Research, Finance