Ark Invest’s Cathie Wood: Fed hiking cycle ‘one of the biggest mistakes in monetary policy history’
Ark CEO believes the central bank should be concerned by deflation, not inflation
Ark CEO believes the central bank should be concerned by deflation, not inflation
10 year treasury hit highest level since the GFC last week
3.2% figure was lower than predicted
Industry commentators still expect a final 25 bps increase at the next FOMC meeting
Though commentators warn its too early to declare victory with another 25bps rate rise likely
Increase of 25bps reflects fine balance between tackling inflation and protecting banks
With a similar uplift on the cards for the next meeting in March
As the central bank acknowledges inflation has likely peaked
Paul O’Connor of Janus Henderson and T Rowe Price’s Eric Papesh give their views on the prospects for American assets
With industry commentators split on what this means for future Fed hikes
The upcoming FOMC meeting is widely expected to result in a 3.75%-4% rise in the Fed funds rate
As the US central bank lays down a marker that more rises are yet to come in 2022