These 4 risks could plunge the US economy into a recession as inflection point nears

• Hopes for a soft landing in the economy could be dashed as a number of risks start to converge.
• Raymond James said the US entering a mild recession is the most likely outcome.
• These are four risks that could send the economy into a recession sooner rather than later, according to Raymond James.

The US economy is more likely to enter a mild recession than stick a soft landing, according to a Friday note from Raymond James.

Chief investment officer Larry Adam said the current cycle in the US economy is entering an inflection point as the fourth quarter of the year approaches.