Posted 11/16/2023, 5:38:00 PM
Cathie Wood Warns of Deflation Risk as Inflation Cools, Says Fed Over tightened
- Cathie Wood says inflation is fading and deflation is the real risk after Fed overtightened
- She points to declining airfares, car prices, commodities as signs of deflation already emerging
- Wood argues the Fed has gone too far with rate hikes, damaging economy and sparking deflation
- Other CEOs also now seeing signs of deflation, like Walmart and Home Depot
- Wood says deflation will help her tech-heavy funds like ARK Innovation that struggled with rate hikes