“We have strong protection against long positions and try to be active to get that edge. I’m negative. Short term, I don’t even make predictions.”he added, according to Bolsa Manía.
“I really don’t know if they can engineer a soft landing. I think there’s going to be a hard landing. The inflation is a terrible thing when it starts“, he expressed referring to the declarations of Jerome Powell, President of the Federal Reserve (Fed), who assured that the American economy will support interest rate hikes to contain inflation.
wall street usa.jpg
Meanwhile, the up 7.9% recorded by inflation in the United States in the last 12 months, the highest percentage in the last 40 yearsproduced a abrupt stop in the escalation of prices that most of the assets had been registeringespecially raw materials, of which only gold was preserved as a haven of value for investors.
In this framework, the yield of the 10-year treasury bonds was above the two%the highest level since last February 25after knowing the inflation data.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
