
In June’s Capital Perspectives, “Battle of the Bulls vs. the Bears,” we spotlight the question with which investors are now grappling: Can the economy withstand the twin burdens of high inflation and tightening monetary policy to avoid a recession within the next 12–18 months? The answer is not so simple.We share our views on the likelihood of an economic soft landing, which depends on understanding whether inflation has peaked and how quickly it will decelerate.