A mild, 'garden-variety recession' is coming, economist says
Southwest (LUV), American Airlines (AAL), and Alaska Airlines (AAL) are scrapping full-year forecasts, citing shaky travel demand, while PepsiCo (PEP) warns of no profit growth in 2025 due to rising supply chain costs. Joe Brusuelas, chief economist at RSM, joins Catalysts to explain how current economic uncertainty makes accurate earnings projections nearly impossible and weighs the risks of an upcoming recession. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.