By John Persinos
Investors could be fooling themselves like Charlie Brown and the perpetually elusive football, but hopes for an economic "soft landing" are reemerging. We've been burned by this expectation before. Maybe this time around, Lucy will show mercy.
The latest economic reports support renewed optimism that the economy can pull off the balancing act of growth amid restrictive monetary policy. Data on durable goods, consumer confidence and housing sales have all shown better-than-expected results, but at the same time, this growth hasn't been torrid.
Can the Federal Reserve maintain tight monetary policy to fight inflation, without causing a full-blown recession? The Fed rarely gets it just right, but it's looking increasingly possible.
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