US looking to manufacture a soft economic landing

Writing for Stuff, Devon Head of Retail Greg Smith, notes how recent weak manufacturing but strong services data, are potentially positive news for the soft-landing theory for the world’s largest economy, with US inflation falling and overall economic activity still remaining positive, while central banks are nearing the end of rate hiking plans. The fact that manufacturing, an important part of the US economy (~12%) is contracting sharply will not be lost on the Fed.

To read the full article by Greg Smith please click here.