CIO 'optimistic' about soft landing for U.S. economy
STORY: His reasons? "Number one, inflation is receding faster than we expected, so ultimately that could mean the Fed could be easier sooner than we thought. Secondly, China is reopening, and if that growth propels global growth without creating a lot of inflation, that's good for global growth and for earnings. And finally, the European Union didn't fall into a deep dark hole over the winter, because they've had a warmer than normal winter and they've got adequate natural gas. So, those are some things that six months ago looked really dire to us, [but] today don't look as dire."
