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BlackRock says markets will get ‘Fed up’ with too much tightening as growth slows, with Powell showing the most resolve since Paul Volcker
Featured: Jamie Dutta, Market Analyst, Vantage Markets
- Slow growth and too much tightening from the Fed will frustrate markets and the economy, BlackRock says.
- “Still, we do think that markets, and consequently the economy, will become ‘Fed up’ with too much tightening,” according to a note.
- The current Fed’s campaign to tackle inflation also drew comparisons to the one engineered by former Fed Chair Paul Volcker.
Financial markets may stop tolerating the Federal Reserve’s tightening cycle while rate hikes work their way through the economy, a note from BlackRock said Thursday.
The coming months will be key to assessing how the real economy reacts to the Fed, said Rick Rieder, BlackRock’s chief investment officer of global fixed income.
Read the full article on Business Insider.
