Easing inflation numbers is boosting investors’ confidence. According to Goldman Sachs (GS) analyst Manuel Abacasis, the economy is experiencing a healthy deceleration, not a recession. Moreover, Wall Street expects a slower tightening by the Fed.
Given the series of positive economic data, the economy might be able to withstand further rate hikes without tipping into a recession. And with equity markets rebounding, it might be better to stay invested instead of waiting on the sidelines.
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