"The Multitrillion-Dollar Dilemma: Navigating the Risk of a Hard Landing Economy"

Economists are debating whether the US economy is heading for a "no landing" scenario, with above-trend growth and inflation, or a soft landing, as the Federal Reserve is expected to leave rates unchanged. While GDP grew at a faster-than-expected pace, inflation remains above the 2% target, impacting consumers with variable-rate debt. Relief from high borrowing costs may be on the way if inflation continues to cooperate, but some experts warn of the risk of a recession if the Fed loosens prematurely.