- Far too early to declare a soft landing
- I have always felt there was a possibility economy would avoid recession
- There’s always a possibility of recession next year
- Little basis for thinking there’s a recession now
- There was a general expectation that rate cuts will be a topic of conversation going forward
The moves in the market has been huge. USD/JPY is down 225 pips on the day now and 2-year yields down 25 bps. This might be the last chance to get 4% 10-years, which is wild given that they were above 5% just six weeks ago.
This article was written by Adam Button at www.forexlive.com. Source