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The Fed's Fabled Soft Landing? It's Actually Happening
The Federal Reserve seems to be achieving the fabled soft landing. With growth likely to transition down toward the longer-term trend in 2019, expect monetary policy to remain on hold for the foreseeable future. If the Fed were to move, the odds still favor an interest rate cut over an increase. We are likely at the peak of this rate hiking cycle. Recent commentary centers around a consensus that the current policy rate of 2.25 percent to 2.50 percent is just about right. To be sure, not everyone thinks this is exactly correct. Economists at Goldman Sachs think the next move is a notch higher, but not until late ... (full story)