The question of whether the US economy is on course for a soft landing remains unresolved, second qu...
The question of whether the US economy is on course for a soft landing remains unresolved, second quarter GDP growth was, at 5.2%, still above even optimistic assessments of a sustainable rate. Despite this strong GDP growth, the US Federal Reserve has been content to leave rates on hold since the middle of May, when investors' concerns over inflationary pressures were at their height. Subsequent data have not confirmed these fears. Any upward drift in inflation has been due almost entirely to oil price strength. US rate forecasts have consequently improved. Projections of money market r...
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