This data raises the question: will it be possible to beat inflation without triggering a recession?In 2024, invest like the big funds from the comfort of your home with our AI-powered ProPicks stock selection tool.Economic data released yesterday painted a concerning picture for the US economy. While markets have largely avoided panic, the numbers suggest the much-desired soft landing may be increasingly unlikely.inflation, a key metric for the Fed, surprised on the upside at 3.
The first, and more market-friendly scenario, would involve the Fed cutting rates once inflation reaches its target. This would be positive for financial markets. However, the Fed also needs to watch economic growth and prevent a recession. If they change their stance to dovish to combat a recession, inflation could surge once again.has been in a correction. The first target for bears is the 105-point zone, which also coincides with a major correction point in the prior uptrend.
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Source: Investingcom - 🏆 450. / 53 Read more »