Is This The First Soft Landing Base Case On Wall Street?

The US probably isn't headed for a recession anymore. That's according to BofA, which this week became the first major Wall Street bank (that I'm aware of, anyway) to switch their base case for the world's largest economy to soft landing from mild downturn. I could be wrong (i.e., maybe someone else already adopted a soft landing house view), but it's a notable call regardless. "Recent incoming data has made us reassess our prior view that a mild recession in 2024 is the most likely outcome,"