Posted 11/15/2023, 3:56:00 PM
Cathie Wood Warns Deflation Now Bigger Risk as Inflation Falls; Says Fed May Need to Reverse Course
- Cathie Wood says deflation is now a greater risk due to Fed overtightening
- She believes the Fed has gone too far and may need to cut rates significantly
- Deflationary trends emerging in commodities and other sectors
- Expects CPI to continue falling below 2% target
- Sees potential for negative CPI inflation next year
- CPI was flat in October and annual inflation slowed to 3.2%