The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a ‘soft landing’ after inflation troubles in recent years,” The Hill reports.
Soft landing has been in reference to bringing inflation down and supply / demand back in balance.
A recession is in reference to economic growth, and the US has been fairly solid there.