Soft or hard landing? This is the question that has preoccupied global investment strategists for mo...
Soft or hard landing? This is the question that has preoccupied global investment strategists for months now. It is indisputable that the US economy is slowing down, but everyone is now focused on the pace and depth of that slowdown. So, with Greenspan's 50-basis-point interest rate cut, has the Federal Reserve chairman done enough to engineer a soft landing? Opinion is sharply divided. A rapid slowdown would have serious consequences for the US and world economies. It would raise the cost of capital and dent confidence, thereby reducing investment, productivity growth and profits. Ca...
To continue reading this article...
Join Professional Adviser for free
- 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