In Fathom’s latest forecast, we outline some of the main changes to our view since our Global Outlook, Summer 2024. A more detailed report, explaining some of the analysis underpinning our latest thinking, will be circulated in the coming weeks. The US policy rate is ready to adjust – downward – and our base case is that the US will avoid recession regardless of who is the next US president We maintain a 70% probability for our ‘Higher for longer’…