Cathie Wood Believes the Fed Is Making a Mistake

Seeking Alpha2022-09-08

The innovation themed asset manager Cathie Wood believes that Jerome Powell and the Federal Reserve are miscalculating the outlook on inflation by increasing rates at such a steep pace.Woodtweetedout:...

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Tchwee56
2022-09-08
Tchwee56
Like
Tchwee56
2022-09-08
Tchwee56
Like
RieslingHawk
2022-09-08
RieslingHawk
Lousiest fund manager ever
- Tchwee56:
  Lke
Hcee
2022-09-08
Hcee
Maybe it is her that made mistakes?
- aureliapy:
  trueeee

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Leading inflation indicators like gold and copper are flagging the risk of deflation. Even the oil price has dropped more than 35% from its peak, erasing most of the gain this year.”For the upcoming September 21stFed meeting futures are now pricing in an 82% chance that markets will see a 75-basis point hike compared to the 18% that are factoring a 50% rate hike.It was just a month ago when markets were pricing in a 68% chance of a 75-basis point hike. 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