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blackstone's cfo is cautiously optimistic about a soft landing in the united states, "the market in 2025 may be quite strong"!

michael chae, chief financial officer of blackstone group, said:the firm is “cautiously optimistic about a soft landing in the u.s.,” suggesting the alternative asset manager is betting the federal reserve’s efforts to curb inflation won’t trigger a u.s. recession.。

“soft landings are hard to achieve,” chae said wednesday at the barclays global financial services conference. “they’ve been rare historically — but the situation we’re in today looks pretty encouraging.”

data from the bureau of labor statistics painted a mixed picture of inflation and set the stage for a slower pace of rate cuts.according to new data from the u.s. bureau of labor statistics, the core consumer price index (cpi), which excludes energy and food costs, rose 0.3% last month, the largest increase in four months. however, the overall cpi eased for the fifth consecutive month, rising 2.5% year-on-year.

according to chae, blackstone’s own inflation measure, which strips out housing costs and adds in other relevant indicators, shows that u.s. inflation is already at 1.7%. he said that would put the u.s. “on target for the fed’s inflation.”