Has the Fed managed to achieve a soft landing? If so, Jerome Powell will go down in Federal Reserve history as a legend, and one of the greatest Fed Chairs who occupied that position.
There is some cause for optimism. The latest flash PMIs show that U.S. and China manufacturing PMI on the rebound, though the eurozone is weak, and U.S. services PMI turning up.
Not only that, the U.S. is outperforming the other major economic blocs since the COVID Crisis.
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