With tamer inflation, hotter economy, stable jobs market, there are signs that the economy’s cleared for a soft landing.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeAfter interest rates globally rose to their highest in decades, central banks – most prominently the U.S. Federal Reserve – are poised to start cutting rates, or continue reducing them, as in the case of the European Central Bank and the Bank of England, among others.
That's reflected in a sterling earnings season for the second quarter. The S&P 500 experienced a 13% earnings growth rate, according to LSEG. That beats estimates of 10.6% and is the highest since the fourth quarter of 2021. Markets reflected that improvement in outlook. With Friday's gain, all major U.S. indexes finished August in the green. For the month, the
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