Financial Times: “Global stocks drop as China lockdowns trigger growth fears”By admin_45 in IN THE NEWS
Excerpt from the Financial Times quoting DataTrek co-founder Nick Colas:
.... "Investors slightly scaled back their bets on the pace of Fed interest rate rises on Monday, but analysts stressed that inflation fears would continue to weigh on markets over the longer term after US inflation soared to a four-decade high of 8.5 per cent in March.
Nicholas Colas, co-founder of DataTrek Research, said “stocks will not bottom until investors feel that likely future Fed rate policy is entirely baked into asset prices”.
Fed chair Jay Powell said a 0.5 percentage point interest rate rise was “on the table” for its next policy meeting in May, and analysts at Jefferies forecast that the US central bank would also deliver half-point rate rises in June, July and September"....
Full article here in the FT.