The Fed is locked up in its tough battle against inflation, and its continued hawkish stance is raising the odds of a recession. However, Jan Hatzius, chief economist at Goldman Sachs, believes a soft landing is still possible, even if the path is bumpy.
Additionally, BofA analysts pointed out that the markets typically rebound after the September slump, and stocks could see an outsized rally later this year and in 2023 if the market follows the election-cycle history.
