Cathie Wood predicts inflation collapse as Fed hike fears grow
Cathie Wood predicts inflation collapse as Fed hike fears grow
Cathie Wood says underlying inflation is near 0.5% despite headline U.S. CPI rising to 4.2% in May.The ARK Invest CEO cites productivity gains and Truflation data to argue inflation pressures are easing.Wood believes Fed Chair Kevin Warsh could support economic growth if inflation falls toward 0% to 1%.
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