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Investors are increasingly confident the global economy will achieve a "soft landing," where inflation subsides but overall economic activity doesn't significantly deteriorate amid higher interest rates.
In Bank of America's August Global Fund Manager Survey, released on Wednesday, 76% of respondents said a soft landing is the most likely outcome for the global economy in the next 12 months. This marked the highest percentage of respondents projecting such an outcome dating back to May 2023.
B...
>>> Read more: Investors more confident in soft landing as Fed rate cut expectations rise: BofA survey
In Bank of America's August Global Fund Manager Survey, released on Wednesday, 76% of respondents said a soft landing is the most likely outcome for the global economy in the next 12 months. This marked the highest percentage of respondents projecting such an outcome dating back to May 2023.
B...
>>> Read more: Investors more confident in soft landing as Fed rate cut expectations rise: BofA survey
