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The market initially priced in a soft landing and showed optimism about recovery in Europe. However, concerns now emerge about the possibility of a regular recession or even a harder landing. Central banks face challenges in predicting how persistent upside surprises in the economy might be. The Fed is expected to implement a couple more rate hikes while still aiming for 2% inflation, indicating there is significant work to be done. This segment is presented on Bloomberg Surveillance with hosts Tom Keene, Jonathan Ferro, and Lisa Abramowicz, discussing market activities, including a noted rise in the S&P 500 and new economic data from Europe.
