Oxford Economics says a US recession is likely, S&P 500 unlikely to climb above 2022 high | Forexlive

Oxfor Economics on the US economy and benchmark index S&P500, in brief:

• US recession still looks likely
• the Fed’s chances of creating a soft landing for the U.S. economy is fuelling bullish sentiment
• see an economic slowdown starting later this year, this will stop the S&P 500 from returning to its 2022 record high
• US recession could see the S&P 500 fall “back to test the 50% retracement of the rally since last October, which is currently just below 4,000”