Chart of the Week: A hot economy is good enough for stocks — and even for rate cuts

Published On Oct 19, 2024, 6:00 AM

The current economic landscape shows continued strength, buoying stock markets despite concerns about inflation and the Federal Reserve's potential interest rate cuts. The S&P 500 maintains high levels, surpassing major forecasts as the likelihood of a 25 basis point rate cut increases. Only a small percentage of fund managers expect a recession, indicating confidence in the economy. Former economic officials highlight that while tight monetary policies are necessary, the current rates may not need to be as high as last year.