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