Optimism is growing among financial markets and officials regarding a potential 'soft landing' for the U.S. economy, a scenario where inflation is controlled without causing a significant economic downturn. Forecasters and market participants are observing the situation with cautious optimism. The International Monetary Fund's chief has acknowledged that the Federal Reserve is on track to achieving this outcome. Richmond Fed President Thomas Barkin has indicated that while the central bank is making progress on inflation, with six-month core personal consumption expenditures inflation just below the 2% target, the soft landing is not guaranteed and conviction on inflation will determine the rate path. Barkin has pointed out that there are several risks, including the delayed impact of high interest rates, potential external shocks, persistent services inflation, and reacceleration of the economy seems less likely. Despite these concerns, U.S. Treasury Secretary Janet Yellen has expressed confidence, stating on CNN that what is being observed can be described as a soft landing, highlighted by real wage increases and a more optimistic American public. Yellen's comments come after December data revealed gains in job growth and wages, suggesting that the economy might be stabilizing without severely impacting the labor market. However, the Fed has not ruled out the possibility of additional rate hikes, maintaining a cautious stance on the economic outlook, with more uncertainty around the inflation path.
Richmond Fed President Thomas Barkin says the central bank should lower rates as the economy normalizes and confidence grows about the downward path of inflation https://t.co/5tWNMnzy1v
🔴 FED'S BARKIN: I HAVE NO PROBLEM TOGGLING RATES TO MORE NORMAL LEVELS AS YOU BUILD CONFIDENCE THAT INFLATION IS FALLING.
🔴 FED'S BARKIN: REACCELERATION AT THIS POINT SEEMS LESS LIKELY.
🔴 FED'S BARKIN: MORE UNCERTAINTY AROUND PATH OF INFLATION GIVEN THAT PROGRESS OVER LAST 6 MONTHS HAS BEEN SO RELIANT ON GOODS.
🔴 FED'S BARKIN: THE FED SHOULD NORMALIZE RATES AS THE ECONOMY GETS BACK TO NORMAL.
Treasury Secretary Janet Yellen declared the US has achieved a long-sought soft landing, after December data showed a pickup in job growth and wage gains https://t.co/AzbI7Uzo1O via @economics
Yellen declares US economy has achieved soft landing; someone get Cramer to confirm Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly…
US TREASURY SECRETARY YELLEN: WHAT WE'RE SEEING NOW CAN BE DESCRIBED AS A SOFT LANDING. *beware of the premature victory lap… https://t.co/1QgKKvtpli
‘Soft Landing’ Achieved: Janet Yellen Says Goal Reached After Recession Fears—But Some Still Skeptical https://t.co/lTkIrx1bgS https://t.co/H7rUXTZREc
Yellen says US 'soft landing' underway, low inflation, wage growth to spur confidence https://t.co/TvlqkyuQfb https://t.co/I3B2I8rTx8
Treasury Secretary Janet Yellen: “There has been a lot of pessimism about the economy that’s really proven unwarranted.” https://t.co/dCtQ6thto9
Treasury Secretary Janet Yellen has said that the US has achieved a soft landing.
Treasury Secretary Janet Yellen says U.S. economy is achieving a “soft landing” https://t.co/H0632FZkMH https://t.co/emE518rL7o
'Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market.' https://t.co/jhYlMgS0aw
Treasury Secretary Janet Yellen declared the US has achieved a long-sought soft landing, after December data showed a pickup in job growth and wage gains https://t.co/vkwLCh8rfC
Treasury Secretary Janet Yellen declared the US has achieved a long-sought soft landing, after December data showed a pickup in job growth and wage gains https://t.co/NQRmPmGnLB via @economics @chrisjcondon @readep
US Tsy Sec Yellen Says US Economy Is In ‘Soft Landing’ - @thehill https://t.co/7R68ai4eJZ
⚠️ YELLEN SAYS US 'SOFT LANDING' UNDERWAY, LOW INFLATION, WAGE GROWTH TO SPUR CONFIDENCE (Reuters) U.S. Treasury Secretary Janet Yellen said on Friday that a "soft landing" in the U.S. economy was now underway and a sustained period of low inflation and rising wages was needed… https://t.co/lDAkw8YrWt
🇺🇸 JANET YELLEN: WHAT WE'RE SEEING NOW CAN BE DESCRIBED AS A SOFT LANDING 🇺🇸 JANET YELLEN: PESSIMISM ABOUT THE ECONOMY HAS PROVEN UNWARRANTED
US TREASURY SECRETARY YELLEN: WHAT WE'RE SEEING NOW CAN BE DESCRIBED AS A SOFT LANDING. https://t.co/FKf3OKYrjh
lolololol… *YELLEN: US HAS ACHIEVED SOFT LANDING, HOPE IS IT CAN CONTINUE
Yellen on CNN: "What we are seeing now I think we can describe as a soft landing." https://t.co/qeG104rV7a
🔸 YELLEN: PESSIMISM ABOUT THE ECONOMY HAS PROVEN UNWARRANTED. 🔸 YELLEN: SOME SURVEYS ARE BEGINNING TO SHOW THAT AMERICANS ARE MORE OPTIMISTIC. 🔸 YELLEN: REAL WAGE INCREASES MEAN AMERICANS ARE GETTING AHEAD 🔸 YELLEN: WHAT WE'RE SEEING NOW CAN BE DESCRIBED AS A SOFT LANDING.
We did it! *YELLEN: US HAS ACHIEVED SOFT LANDING, HOPE IS IT CAN CONTINUE
*YELLEN: US HAS ACHIEVED SOFT LANDING, HOPE IS IT CAN CONTINUE Shades of GWB
🔴 US TREASURY SECRETARY YELLEN: WHAT WE'RE SEEING NOW CAN BE DESCRIBED AS A SOFT LANDING.
🔴 US TREASURY SECRETARY YELLEN: REAL WAGE INCREASES MEAN AMERICANS ARE GETTING AHEAD.
🔴 US TREASURY SECRETARY YELLEN: SOME SURVEYS ARE BEGINNING TO SHOW THAT AMERICANS ARE MORE OPTIMISTIC.
🔴 US TREASURY SECRETARY YELLEN: PESSIMISM ABOUT THE ECONOMY HAS PROVEN UNWARRANTED.
BREAKING: Fed member Barkin says potential for additional rate hikes "remains on the table." Barking also said that it is too soon to speculate on Fed policy action for their March meeting. Currently, markets are pricing in an 80%+ chance of rate cuts beginning in March. Just…
A soft landing for US economy is 'increasingly conceivable' but not 'inevitable': Fed's Barkin https://t.co/lAHa4WM46n by @Jenniferisms
🔴 FED'S BARKIN: COMPONENTS IMPORTANT FOR CONVICTION ON INFLATION PATH QUESTION WHETHER CONSUMER DEMAND WILL STAY VIBRANT.
#FED'S BARKIN: POTENTIAL FOR ADDITIONAL RATE HIKES REMAINS ON TABLE
Fed's Barkin says soft landing for economy 'increasingly conceivable' https://t.co/GReAHiR0r9 https://t.co/NIrJsuFTgB
Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but noted that “the potential for additional rate hikes remains on the table.” @steveliesman has the full story. https://t.co/wqCtjnzgdL https://t.co/FvzYXBrVkU
Richmond Fed President Thomas Barkin says a soft landing for the US economy is looking more likely but hardly certain. https://t.co/HmOJPN08Mq via @economics
FEDERAL RESERVE'S BARKIN: The case for a soft landing is developing in the data, but is "not inevitable". Risks include delayed impact of high interest rates, services inflation getting stuck at high levels, and high demand. We are making real progress with 6-month core PCE just…
Fed's Barkin sees likely soft landing ahead but notes rate hikes still a possibility https://t.co/WdTkwDnvw3
Richmond Fed President Thomas Barkin says a soft landing for the US economy is looking more likely but hardly certain https://t.co/wYPFpeJYP4
⚠️ FED'S BARKIN SAYS SOFT LANDING FOR ECONOMY 'INCREASINGLY CONCEIVABLE' (Reuters) The U.S. central bank is "making real progress" towards taming inflation without inflicting major damage on the job market, with a hoped-for soft landing "increasingly conceivable," Richmond… https://t.co/Wuw7SJVRIL
Richmond Fed President Tom Barkin Says Soft Landing Could Still Derail https://t.co/od4GT1m9LJ
🇺🇸 RICHMOND FED’S BARKIN: **US CENTRAL BANK 'MAKING REAL PROGRESS' ON INFLATION WHILE ECONOMY REMAINS HEALTHY **NOTES THAT SIX-MONTH CORE PERSONAL CONSUMPTION EXPENDITURES INFLATION NOW 'JUST BELOW' 2% TARGET **'YOU CAN SEE THE CASE' FOR SOFT LANDING DEVELOPING IN THE DATA,… https://t.co/XEk87yvcwE
🔴 FED'S BARKIN: RISKS TO A SOFT LANDING INCLUDE DELAYED IMPACT OF HIGH INTEREST RATES ON CREDIT, OUTSIDE SHOCKS, SERVICES INFLATION GETTING STUCK AT A HIGH LEVEL AND STRONG DEMAND.
* BARKIN: SOFT LANDING `INCREASINGLY CONCEIVABLE,' NOT INEVITABLE * BARKIN: POTENTIAL FOR ADDITIONAL RATE HIKES REMAINS ON TABLE #FOMC
🔴 FED'S BARKIN: YOU CAN SEE THE CASE FOR A SOFT LANDING DEVELOPING IN THE DATA, BUT IT IS NOT "INEVITABLE".
FED'S BARKIN: SOFT LANDING “INCREASINGLY CONCEIVABLE,’ NOT INEVITABLE FED'S BARKIN: NOTES THAT SIX-MONTH CORE PERSONAL CONSUMPTION EXPENDITURES INFLATION IS NOW "JUST BELOW" THE 2% TARGET.
🔴 FED'S BARKIN: THE CENTRAL BANK IS MAKING REAL PROGRESS ON INFLATION WHILE THE ECONOMY REMAINS HEALTHY.
🔸 FED'S BARKIN: SOFT LANDING “INCREASINGLY CONCEIVABLE,’ NOT INEVITABLE 🔸 FED'S BARKIN: DROP IN LONG-TERM RATES MAY STIMULATE DEMAND FOR HOMES 🔸 FED'S BARKIN: CONVICTION ON INFLATION, ECONOMY TO DETERMINE RATE PATH 🔸 FED'S BARKIN: HOUSING, SERVICES RISK INFLATION…
🔴 FED'S BARKIN: CONVICTION ON INFLATION AND THE ECONOMY IS TO DETERMINE THE RATE PATH.
🔴 IMF CHIEF: THE FED IS DEFINITELY ACHIEVING A SOFT LANDING.
Forecasters think a soft landing is arriving for America’s economy. But don’t believe it until you see it https://t.co/MFuVR9CpDE 👇
Financial markets are rejoicing at the prospect of a so-called soft landing for America’s economy. But read why there is still reason for caution: https://t.co/nqdyGc6RsM 👇