Goldman: The Case For A Hard (Or Soft) Landing

Featured image by Richard Rohrdanz via Unplash, under the Unplash license. 

Optimism is increasing on Wall Street, with investors hoping for a “soft landing” in the economy.

“David Kelly, the chief global strategist at JPMorgan Asset Management, is betting that inflation will continue to ease in 2023, helping the U.S. economy to narrowly escape a recession. Ed Yardeni, the longtime stock strategist and founder of his namesake research firm, is putting the odds of a soft landing at 60 percent based on strong economic data, resilient consumers, and signs of tumbling price pressures,” reported Bloomberg.

As Lance Roberts recently explained, the hope is that despite the Federal Reserve hiking rates at the most aggressive pace since 1980, reducing its balance sheet via quantitative tightening, and inflation running at the highest levels since the 1970s, the economy will continue to power forward.

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