Fed Navigating Toward Soft Landing As Job Market Stays Strong, But Risks Remain with China Slowdown
- Fed on track to achieve soft landing; March rate cut would make sense
- Layoffs very low, labor market remains solid
- China growth headwinds have a ways to run; property adjustment not done
- China providing some support but not using bazooka of stimulus
- Odds of March Fed rate cut have ebbed to 37% as officials push back