Why This Economist Thinks Escaping This Recession 'Will Be Like A Miracle': 'We Have Had Biggest Interest Rate Shock Since 1981'
Portfolio Pulse from Shanthi Rexaline
Economist David Rosenberg has warned of a potential recession, citing the biggest interest rate shock since 1981 and a structural slowdown in China. He also noted that Germany is on the brink of another recession. Despite these signals, inflation remains high, with the Federal Reserve maintaining a 'higher-for-longer' rate scenario. The iShares TIPS Bond ETF (TIP) ended down 0.52% at $105.20.
September 03, 2023 | 3:37 pm
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NEGATIVE IMPACT
The iShares TIPS Bond ETF (TIP) could be impacted by the potential recession and high inflation rates. The ETF ended down 0.52% at $105.20.
The potential recession and high inflation rates could lead to increased volatility in the bond market, which could negatively impact the performance of the iShares TIPS Bond ETF (TIP). The ETF's price has already shown a slight decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80