Recession Fears Growing And Odds Of Another Fed Rate Hike Spiking
View Source | April 10, 2023 8:30 am
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- Fears of a recession grew on Wall Street Monday, and investors looked ahead to key inflation data this week.
- The data is consistent with expectations of a slow-moving recession unfolding in the U.S. – one that doesn’t point to the immediate resolution of inflation concerns, according to Jason Pride, chief investment officer of Private Wealth at Glenmede.
- “As such, the odds of another quarter-point rate hike in May should go higher as the data does not appear to justify a Fed pause,” he added.
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