At the annual Federal Reserve's retreat at Jackson Hole, Wyoming, multiple economists have told MarketWatch that they didn't expect a recession.
It's part of the back-and-forth of the last few weeks. Pinning down the odds of a recession has become a difficult occupation. Concerns over a potential economic crisis started in early August when the jobs report for July came in well under expectations and the big annual downward jobs revision doubled concerns about the economy's strength.
But the swing about the near future has shifted in a positive direction. "The underpinnings of the economy look good. Broadly speaking, things look pretty solid," Karen Dynan, an economics professor at Harvard University, told MarketWatch.
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