Reported 22 days ago
Traders are looking back to 1995, when the Federal Reserve, under Alan Greenspan, successfully navigated a soft landing, as they speculate on whether Chair Jerome Powell will implement a 25 or 50 basis point interest rate cut. Current market dynamics show optimism about avoiding a recession as the Fed eases monetary policy prior to the upcoming U.S. election. Investors are focusing on the potential outcomes of the election and their implications for economic policy, with strong household and corporate balance sheets adding to a hopeful outlook for a favorable economic trajectory.
Source: YAHOO