Chart of the Day: Fund managers get their optimism back on US economy
Investors would fret on whether the Fed’s rate cut was in response to cooling inflation or more towards safeguarding growth
A soft landing for US economy is the most expected outcome
The Bank of America’s monthly global fund managers’ survey shows that nearly eight out of ten fund managers believe the US economy would have a soft landing in the next one year. In other words, the economy would do just fine despite the US Federal Reserve keeping policy rates elevated for a prolonged period of time. That pause has ended now with the Fed chopping its policy rate by 50 basis points on September 18.
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