Central Banks
NABE Survey Shows More Confidence Fed Can Pull Off Soft Landing
- Seven in 10 economists have confidence US can avoid recession
- Majority of economists see inflation taking longer to decline
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Confidence is growing that the Federal Reserve will achieve a soft landing for the economy, according to a survey from the National Association for Business Economics.
Nearly 70% of economists were at least somewhat optimistic the Fed can bring inflation down to its 2% target without spurring a recession. That marks a big reversal in sentiment since NABE’s March survey, which showed a similar share indicating they were skeptical of avoiding a downturn.