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Watch: Why inflation-led recession fears in the States are overdone
Equity investors appear to be spooked by concerns that the US could be facing a recession. Despite rising inflation and Fed rate hikes, ING's Chief International Economist, James Knightley, is far more upbeat
Why inflation-led recession worries in the States are overdone
The US Federal Reserve is actively slamming on the breaks as inflation hits 8% and unemployment falls below 4%. Might recession be looming in America? After all, the economy contracted in the first quarter. We don't think so. In fact, data shows that growth is rebounding strongly. ING's James Knightley in New York is looking for an annualised rate of 3%-plus this quarter.
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20 May 2022
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more