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- A US recession is still on the table despite moderating inflation and a steady jobless rate, according to Raymond James.
- The firm said consumer strength and employment trends are set to weaken after a few strong years.
- These are the four reasons why Raymond James has not yet counted out a US recession.
A resilient economy has led many Wall Street strategists to delay or outright cancel their calls for a US recession — but not Raymond James.
The investment firm said in a Friday note that it still expects a mild recession to hit the US economy as a lot of the strength seen in consumer spending and the labor market is finally showing signs of weakening.