The stock market has been getting very volatile as the US Federal Reserve continues its historic effort to squash rising prices. Proclamations from policymakers suggest the central bank won’t let up until inflation is under control—even if it means trouble for the economy. Officials may raise rates by another 75 basis points at their upcoming November meeting, and the same again in December, according to Kristina Hooper, chief global market strategist at Invesco.

“Seventy five is the new 25,” she says. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make its way through into the data, you’re playing a dangerous game,” she says on the latest episode of What Goes Up. “And the more you’re doing it, the more likelihood you create of having a recession—and a significant recession.”

The stock market has been getting very volatile as the US Federal Reserve continues its historic effort to squash rising prices. Proclamations from policymakers suggest the central bank won’t let up until inflation is under control—even if it means trouble for the economy. Officials may raise rates by another 75 basis points at their upcoming November meeting, and the same again in December, according to Kristina Hooper, chief global market strategist at Invesco.
“Seventy five is the new 25,” she says. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make its way through into the data, you’re playing a dangerous game,” she says on the latest episode of What Goes Up. “And the more you’re doing it, the more likelihood you create of having a recession—and a significant recession.”

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

The Fed Is Playing a ‘Dangerous Game’

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/27ce3e15-60fd-40ce-9af2-af340105b83a/transcript

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