All Eyes on the Fed — A Soft Landing in Sight for 2024?

Unemployment continues to stay at historic low levels (3.80% in Aug) despite the slight increase from its July level of 3.50% and the Fed’s aggressive efforts to bring inflation (3.00% in June) back to pre- pandemic levels. Hence, Dr. Ray Perryman of the Perryman Group states that the economy has slowed modestly but remains remarkably resilient while inflation has continued to moderate. Similarly, Wells Fargo believes that despite the 525 bps of Fed rate hikes since March 2022, recent data indicate that the US Economy remains ...