Brief Update: High Inflation, High Interest Rates, but no Recession and a “Soft Landing” Ahead

In September, employment figures confirmed the strength of the economy, with 104,000 more jobs than forecast, and fears of a recession faded: “The general direction of US employment indicates that the economy is a long way from recession,” wrote Paul Donovan, chief economist at UBS, in a note published in Fortune on Monday, October 7, 2024.