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YAHOO FINANCE: Summers Says US Soft Landing ‘Very Real Possibility’ Now

“A soft landing probably looks more likely today than it has at any point since” 2021, Summers, a Harvard University professor, said at an Economic Club of New York event Thursday. A soft landing isn’t assured, he added, but “certainly a very real possibility.”

Summers, a contributor to Bloomberg TV, said that the Federal Reserve’s cycle of hikes dampened demand without clobbering growth, with spending that’s become less sensitive to interest rates.

READ MORESummers Says US Soft Landing ‘Very Real Possibility’ Now