News Snapshot:
In a note, Goldman Sachs said; “Although most forecasters still predict a recession, we think the runway for a soft landing is in sight. US economic activity remains resilient, the labour market rebalancing is making progress, and the recent CPI and PCE data suggest that disinflation may now be running slightly ahead of schedule. “While DM hiking cycles are in their final innings—and the Fed is likely done—our rate views remain mostly hawkish to the forwards as we expect central banks to cut only gradually toward neutral in the absence of a recession. We expect both long-term rates and oil...
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