The Fed Cannot Tame the Inflation “Beast”: U.S. Stock Market Could Plummet 50% as Rates Rise
The Federal Reserve has no choice but to raise rates by 25 basis points next year to regain confidence or they have to let inflation run wild. In either case, the central bank will have a hard time fighting the inflation beast, says Michael Gentile, a Montreal based strategic advisor and market expert.
Even if they raise rates to at least 3%, this would cause a 50% stock market crash, a 25-basis point tick higher would trigger a 10-20% correction, Gentile told our Daniela Cambone.
#federalreserve #inflation #economy
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