Is US economy heading towards a soft landing? Jahangir Aziz explains
The recent Fed event was predictable and in line with expectations, with the likelihood of one more 25 bps hike in June. However, concerns about banking sector stress and potential credit slowdown might impact the US economy’s growth and inflation rates. There is a 50% chance of a soft landing or muddled through environment, with a 30% probability of stronger rate hikes needed to slow down the economy.
