Soft Landing Back on the Table, Seasonal Headwinds Worthy of Attention

Aug 15, 2024 • 5 Min Read

Macro Data Points to a Soft Landing

The global deleveraging event last week was driven by weakening economic expectations and rising fears of a potential policy error by the Federal Reserve. At the height of this uncertainty, the market priced in a 50 bps cut for September, as recession risks took center stage.

However, in just a few days, the narrative has shifted. The market is now leaning back towards a soft-landing scenario rather than one driven by recession fears. Recent economic data has supported this pivot, showing signs of disinflation without signaling an imminent downturn:

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