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Podcast: Money Life with Chuck Jaffe
Episode: Payden's Cleveland: 'This is the definition of a soft landing'
Description: Jeffrey Cleveland, chief economist at Payden & Rygel, says that current conditions -- with inflation falling significantly year-over-year and no attendant hike in unemployment and no recession -- are the proverbial soft landing, and he believes these conditions can persist at least through the rest of the year. The soft landing as the dominant macro story will give the Federal Reserve leeway to cut interest rates less than expected, Cleveland says, and he expects central bankers to make cuts cautiously and reluctantly. By comparison, in the Talking Technicals segment, Chris Vermeulen, chief market strategist at The Technical Traders says that...