Reported 21 days ago
Investors are increasingly confident that the global economy can achieve a soft landing, meaning inflation could decrease without a significant economic downturn. According to a recent Bank of America survey, 79% of managers believe this outcome is likely within the next year, the highest since May 2023. As the Federal Reserve nears a decision on interest rate cuts, market sentiment has increased, driven by strong consumer demand and stable economic indicators, despite ongoing debates about the extent of the cuts.
Source: YAHOO