Oliver Mangan: Markets predict 'soft landing' for US economy

US stock market indices have risen, core inflation rates have dropped and unemployment is at a 50-year low

The Nasdaq stock market index has risen 25% since the spring as more and more US data point in the direction of a soft landing.

Markets are becoming increasingly confident that the US Federal Reserve will manage to engineer a soft landing for the US economy. 

Fed interest rate hikes act to bring down inflation, but without pushing the economy into recession and generating a sharp rise in unemployment, but in the past, this has proved a difficult task to achieve.