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Michael Chae, Chief Financial Officer of Blackstone Group, stated that the company is cautiously optimistic about a soft landing in the United States, indicating that the alternative asset management company is betting that the Federal Reserve's efforts to curb inflation will not trigger a US economic recession. Blackstone's own inflation measure shows that inflation in the United States has reached 1.7%, which excludes housing costs and includes other related indicators. Chae stated that this will enable the United States to "achieve the Federal Reserve's inflation target". Chae stated that data collected from Blackstone, the world's largest alternative asset management company, indicates that the labor market has been softening. The CEO of Blackstone Portfolio Company stated in a survey in June that they expect salary growth to slow down next year. @tudsnwvpj