NEW YORK - World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders and benchmark Treasury yields hovered near three-week lows as investors scaled back expectations for further rate hikes by the Federal Reserve.near a one-month high and emerging market stocks up 2.4% on the day. MSCI's broadest index of Asia-Pacific shares outside Japan rose to its highest in more than six months.
“The market is reading that wage pressures are easing quite rapidly and seeing that as positive and potentially people whispering the words 'soft landing' more loudly now,” said Hani Redha, global multi-asset portfolio manager at PineBridge. A soft landing is the ideal Federal Reserve policy goal after raising interest rates, a situation in which inflation slows but there are not enough job losses to trigger a recession.
Monday's rally was a continuation of strong gains Friday following U.S. jobs data that showed a jump in the workforce and easing wage growth. This, along with data pointing to a U.S. service sector contraction, was interpreted by investors as an indication that the Fed could become less hawkish.On Wall Street, the
Hahaha! 🤡 50bps incoming. Then another.
Landing Yeah, still hoping huh The hope before the plunge
He’s just like me fr fr
Markets running with soft landing at their own peril:
JPOW COMMANDING THE SOFTEST LANDING WOOOOO SOFTLYLANDED
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