The 50 basis points rise in US interest rates last month and some fairly encouraging data since are ...
The 50 basis points rise in US interest rates last month and some fairly encouraging data since are welcome but they will not necessarily engineer a soft landing. Domestic consumption is not going to evaporate quickly and the recent labour stats may not indicate a trend reversal. Markets will be conditioned by virtually every bit of economic data that is released. There is some evidence to suggest that there will be a soft landing but it is still not a foregone conclusion and it will need at least one more hike in interest rates. The Fed may hold off in June but one or two minimum rises ar...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
