The case of avoiding a recession is, in my view, more likely than having a recession," he said on Wednesday after raising the benchmark overnight interest rate by a quarter of a percentage point to a 16-year high. really will defy the odds and head for a soft landing.įederal Reserve Chair Jerome Powell, for one, is very optimistic: "It's possible that this time is really different. feel-good factor, boosted by surprisingly strong corporate earnings, and whether investors think the U.S. Monday's market tone will probably be set by the U.S. The regional economic data calendar on Monday is light, with the final reading of Japanese purchasing managers index and Taiwanese trade for April the main releases. jobs data on Friday soothed recession and banking sector fears, and sparked the best day for world equities in five months. May 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.Īsian markets are set for a positive start to the week on Monday after strong U.S.
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