US stock prices are set to rise for the rest of the year as the Federal Reserve’s aggressive rate cut increases the chances of a soft landing for the economy, according to a report from the Federal Reserve. questionnaire from Bloomberg Terminal subscribers.

The rally is likely to be too modest to lift the S&P 500 Index above 6,000 next year, with 44% of the 173 respondents to the latest Markets Live Pulse predicting the benchmark will rise less than 6% from Wednesday’s close and 19% expecting it to fall. The remaining 37% of those who took the survey expect a rise steeper than 6%.