If you wanted to see a soft landing, it might look something like this:
From April '23 to April '24, the unemployment rate rose to 4% from 3.4%. It's held between 4% and 4.2% for the past 12 months.
PCE inflation is down to 2.1% (and core, to 2.5%)
Of course, past results do not guarantee future success. Planes land, economies don't. Can you find weakness under the hood of this report? Yes.
Are short- and long-term rates higher than people thought they would be at this time one or two years ago? Probably.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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