WSJ Nick Timiraos: There is a lot of optimism on a soft landing. We are there right now.

<ul><li>There's a lot of optimism on a soft landing</li><li>But there is a concern that inflation could pick up</li><li>There is also a concern the Fed may also be the obstacle to the soft landing pushing rated too high and leading to slower growth</li><li>Next week we will likely see a mild inflation reading </li><li>it is impossible to tell whether the Fed will keep rates higher for longer or cut rates sooner</li><li>The market and the Fed are now on the same side.</li><li>The Fed want to use the interest rate tool to be the primary weapon (not quantitative tightening).</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.