Invesco strategist warns Fed is ‘playing a dangerous game’ that could lead to ‘severe recession’
The chief global market strategist at Invesco, a global investment firm with $1.3 trillion under management, has warned the Fed is playing a “dangerous game” with a 75 basis point rate hike. She noted that the Fed’s actions could lead to a “significant recession.”
Invesco’s Chief Strategist on Recession and Fed’s Response to Inflation
Christina Hooper, Invesco’s Chief Global Market Strategist, shared her thoughts on the US economy last week on Bloomberg’s podcast What Goes Up. Invesco is a global independent investment manager with more than her $1.3 trillion in assets under management (AUM) as of September 30. The company is in more than 26 countries and he employs more than 8,400 people.
Hooper, who has 21 years of experience in the investment industry, explained that the stock market has been very volatile as the Federal Reserve continues to fight inflation. She pointed out that the central bank has shown it won’t stop until inflation is under control, even if it means problems for the economy. The Federal Open Market Committee (FOMC) could raise interest rates by another 75 basis points, adding the same in December.
Invesco’s Chief Global Market Strategist warns: You’re playing a dangerous game,” she concluded.
The more you do it, the more likely you are to fall into a recession, the more likely you are to fall into a severe recession.
Many people are warning of a recession. A recent survey found that 98% of CEOs are preparing for a US recession and 99% of him are preparing for an EU recession.
Tesla CEO Elon Musk said last week that the recession could last until spring 2024. Jamie Dimon, CEO of JPMorgan Chase & Co., said a recession could hit the U.S. economy within six months.
Renowned investor Jim Rogers warns that the recession will be the worst in his lifetime. Money bug and economist Peter Schiff also believes the Fed’s actions could lead to a deep recession, in addition to a market crash and a major financial crisis.
What do you think of Invesco strategists’ comments on the recession and Federal Reserve actions? Let us know in the comments section below.
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Invesco strategist warns Fed is ‘playing a dangerous game’ that could lead to ‘severe recession’
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