The chief investment officer said U.S. economic growth should slow, as it often does, but that there are multiple causes for optimism.
A handful of drivers will keep the American economy humming along, said Jose Rasco, chief investment officer of the Americas at
's wealth division. And they should buoy the country's financial health even as increased borrowing costs pinch corporations. The American economy has shown remarkable strength in the face of a historic monetary policy tightening campaign the past two years, raising confidence that the Federal Reserve has engineered a soft landing .
Asset Management oversaw some $707 billion in client assets as of the end of 2023, the bank says.
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