"Deutsche Bank Reverses US Recession Prediction, Anticipates Narrow Landing"

Deutsche Bank, the first Wall Street bank to predict a recession, now expects a narrow landing for the U.S. economy, revising its forecast to a "solid 1.9%" growth rate for 2024 with the first Fed rate cut anticipated in June. The bank attributes this shift to strong economic performance in 2023, particularly in the job market and inflation, and believes that a recession will be averted with limited impact on the labor market. However, potential risks include greater pass-through from prior Fed tightening and increased geopolitical risks. Stock futures are mixed, with the Nasdaq-100 pointing higher, and Treasury yields are steady after rising for two consecutive days. Key asset performances and top-searched tickers are also highlighted.