The Soft Landing of the U.S. Economy and the Decline in Long-Term Interest Rates

The CPI, which had reached a year-over-year increase of 9.1% in June 2022, slowed down to 3.4% by December 2023. The unemployment rate has maintained a historically low level at 3.9%. The decrease in the inflation rate while avoiding a significant rise in the unemployment rate suggests that the U.S. economy has successfully achieved a soft landing. Echoing these sentiments, the Nikkei Stock Average is showing momentum that surpasses its all-time high. Now, what kind of economic environment should we expect to face in the future？