HawkInsight

  • Contact Us
  • App
  • English

Dr. Doom Roubini: The Federal Reserve will not fight a trade war for Trump

According to online reports, Ruriel Roubini issued a new warning to Wall Street: Traders should reduce bets that the Federal Reserve will increase interest rates to mitigate the impact of President Trump's trade war. Roubini, a well-known economist known as "Dr. Doom" for accurately predicting the global financial crisis, believes this time that the United States will escape recession and that after the tariff-related policy dispute eases, the Federal Reserve will keep interest rates unchanged for the rest of the year. "This is of course a head-on between Trump bottom and Powell bottom," Roubini said."But what I want to say is that the strike price of Powell bottom will be lower than Trump bottom, which means Powell will wait until Trump blinks first." Federal Reserve Chairman Powell said last week that the economic impact of the new tariffs may far exceed expectations, and the central bank must ensure that this does not cause more serious inflation problems. This week traders digested expectations that the Federal Reserve cut interest rates three to five times, 25 basis points each time, and some on Wall Street even believed that the central bank might urgently cut interest rates before its next meeting.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More