Fed Nears Historic 'Soft Landing' of Taming Inflation Without Recession
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The Fed is close to taming inflation without causing a recession, a rare "soft landing," and is expected to start cutting rates this year.
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The timing and number of rate cuts is uncertain - markets expect more and sooner than the Fed.
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Rate cuts will depend on data showing persistent economic slowing and inflation nearing 2%.
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Sticking the soft landing will require continued resilience in jobs, growth etc. as inflation keeps falling.
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After strong inflation improvements already, some say the soft landing is already occurring.