North American Outlook: Take It Easier
It's looking increasingly likely that central bankers will pull off a rare soft landing after the greatest inflation scare in decades. Though it's too soon to claim mission accomplished, fading inflation should pave the way for easier monetary policies by the summer.
While long-term rates won't return to former lows, the worst case threat of higher-for-longer has faded.
Sal Guatieri
Director and Senior Economist
