Posted 1/8/2024, 3:31:08 PM
Cathie Wood Forecasts 2023 US Recession, But Less Severe Than 2008 Crisis
- Cathie Wood predicts a recession will hit the US economy in 2023 due to aggressive Fed interest rate hikes
- Believes the US is already in a "rolling recession" affecting certain sections of the economy
- Points to declining metrics in housing, auto sales, and commercial real estate as signs
- Says the coming recession won't be as bad as 2008/2009 financial crisis
- Expects Fed to pivot to low interest rates to counter economic weakness