With inflation showing signs of cooling down, markets heated up toward the end of last week on hopes of softer rate hikes by the Fed next month. A larger-than-expected drop in consumer inflation has sent U.S. stocks soaring. Over the past month, the S&P 500 climbed approximately 8%, while the Nasdaq Composite and the Dow Jones gained more than 5% and 11%, respectively.
Goldman Sachs Group Inc. economists think that the economy’s soft landing is still possible, with improving inflation figures and other factors suggesting that the Fed may be able to pull off its aggressive interest rate hike plan.
