The verdict is in. Well, mostly. As in the vast majority of stock commentators believe Federal Reserve Chair Jerome Powell has pulled off a rare feat…the proverbial “soft landing”. That means the Fed has been able to raise interest rates, in order to staunch inflation, without driving the economy into a recession.
And, if the prognosticators are correct, the economy could be in for an uptick in 2024 as interest rates ease, but job growth remains stable. That means a recovering consumer, increasing purchasing power, and more consumer goods shipped via air freight. Which, ultimately means good news for Federal Express (FDX), and Aercap Holdings (AER).
