In recent months, growth has surprised to the upside and inflation has surprised to the downside. This has increased the odds of a soft landing, but there are still a number of things that could go wrong. Caught wrong footed. Going into this year, many investors and economists were expecting an imminent recession with inflation falling sharply. Followed by central banks eventually shifting into a more dovish stance. The economic reality has been the exact opposite. Growth and inflation surprised to the upside and central banks kept hiking interest rates. Dreams of a soft landing. In recent months, the consensus ... (full story)