A "Trampoline Landing" May Be Possible

A soft landing looks like the higher probability outcome at present, but higher for longer will increase hard landing risk, notes Cullen Roche. He discusses why a "trampoline landing" may be possible. He looks at the potential risks of the Fed being "higher for longer." He then goes over expectations for next month's Fed meeting. The next FOMC meeting takes place July 25-26th. Powell highlighted that he expects multiple interest rate increases ahead and possibly at an aggressive pace. Tune in to find out more about the stock market today.