The US economy is doing better than markets are pricing in so it could well avoid a recession, top strategists say

• Top strategists told CNBC the US economy is doing better than markets currently realize.
• Ed Yardani and Torsten Slok said there's reason to hope the US can avoid a widely expected recession.
• The Fed is expected to cool the pace of interest rate hikes at its meeting this week as inflation slows.

Leading strategists are growing increasingly confident that the US will avoid a recession in 2023 as markets remain resilient while the Fed softens its hawkish monetary policy stance.