A soft landing is now 'most unlikely scenario' for the US, Apollo's chief economist says

• A soft landing is now "most unlikely scenario" for the US, with a less than 50% chance of it happening, Apollo's chief economist says.
• That's because the economy hangs in a precarious balance between easing financial conditions and the lagged effects of the Fed's rate hikes.
• "The bottom line is that what currently looks like a soft landing is a fragile equilibrium."

Economic downturn? Maybe. A re-accelerating economy? Perhaps.

But a soft landing for the US economy? Probably not.