Live Breaking News & Updates on Raymond James Endorsed

As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l ....

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