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- Bank of America said it does not think a recession is likely this year.
- It joins the Federal Reserve and other economists in casting recession concerns to the side.
- This suggests a soft landing can be achievable.
It's the ultimate will-they won't-they: Will the American economy slide into recession this year? After much hemming and hawing from economists and Wall Street, Bank of America is the latest to revise its predictions — and says a severe economic downturn isn't likely.