A variety of factors are combining to dissipate some of the economic gloom.
Data last week pointed to a cooling in consumer prices.
Falling bond prices mean paper losses on the holdings that the Fed accumulated in recent years.
Ed Yardeni said pandemic stimulus has unleashed market forces not seen in decades.
The rapid cooldown in real estate threatens to worsen a global economic downturn.
Just as the pandemic and its recovery proved to be k-shaped, so the next deterioration may prove similarly unequal.
A slowdown in housing could create a ripple effect that would deepen an economic slump.
Economist Nouriel Roubini said he expects a US recession by the end of the year.
Plenty of economists still argue that the shock will soon fade as supply blockages ease and energy costs stabilize.
Improving inflation data signal that the Fed may be able to ease its aggressive stance on interest rates, the firm says.