The US economy is headed for a recession in the middle of 2024, Citi's chief economist said.
The economic data, while strong on the surface, is actually hinting at signs of a decline, as seen in the latest jobs report.
AdvertisementThe soft landing dream is over.
Instead, the US economy is headed for a recession in the middle of 2024.
"There's this very powerful and seductive narrative around a soft landing and we're just not seeing it in the data," Citi chief economist Andrew Hollenhorst said in a CNBC interview.
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—, Andrew Hollenhorst
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Service, Citi, CNBC, Business