The Fed's Growing Confidence About a Soft Landing

Stenos: The Fed seems to be growing more confident that they can engineer a soft landing. Jay Powell is now much more confident that the Federal Reserve can actually orchestrate a soft landing, says Stenos. And it also means that should we get positive vibes from the economy, which I find quite likely over the next month or two, then the Federal Reserve will not necessarily act with interest rate hikes," he adds.