Analysis: Fed feeds Wall Street’s soft landing hopes, though recession fears still loom

Published by

By Davide Barbuscia and Lewis Krauskopf (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called economic soft landing that have fueled a powerful rebound in U.S. stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed to pull back from its hawkish monetary policy outlook have boosted stocks and other risk assets after a brutal 2022. Many on Wall Street remain convinced that a widely expected recession is likely to roil markets once again sometime this year. Bulli…

Read More