Cathie Wood Weighs In On Bond Yields, Peter Schiff Slams GOP Inflation Theories, Moody's Downgrades US Outlook And More: Top Economics News This Week

This week has seen significant market movement, with top figures like Cathie WoodPeter Schiff, and Jerome Powell making notable remarks. Additionally, Moody’s downgraded the U.S. outlook, and renowned economist Mohamed El-Erian discussed inflation’s impact on the Biden administration’s approval ratings.

Cathie Wood Weighs in on Bond Yields

Ark Investment Management's Cathie Wood shared her thoughts on bond yields during a recent podcast episode, emphasizing the unusual yield curve inversion. This situation, where short-term interest rates exceed long-term rates, has persisted for over a year and is a primary market concern. Read the full article here.

Peter Schiff Debates GOP Inflation Theories

Social media saw Peter Schiff challenging Republican candidates’ attribution of high inflation to rising oil prices. Schiff argued that the Federal Reserve and federal deficit spending are the real culprits, adding that oil prices still have room to increase. Read the full article here.

See Also: What In The World Is Going On With Dogecoin?

Powell on Inflation and Interest Rates

At a recent International Monetary Fund conference, Federal Reserve Chair Jerome Powell discussed the ongoing struggle to bring inflation back to the target level. Despite some improvement, Powell emphasized that there’s a long journey ahead to achieve the 2% target. Read the full article here.

Moody’s Downgrades US Outlook

Moody’s Investors Service has shifted the outlook on the U.S. government’s ratings from stable to negative. This change reflects growing concerns about the country’s financial management amidst soaring interest rates and substantial deficits. Read the full article here.

El-Erian on Inflation and Biden’s Ratings

Economist Mohamed El-Erian identified inflation as the key reason for the Biden administration’s low approval ratings, despite positive economic growth and employment figures. El-Erian noted the eroding purchasing power and aggressive interest rate hikes as significant contributing factors. Read the full article here.

Read Next: Ethereum Outshines Bitcoin Amid BlackRock Spot ETF Buzz; Dogecoin In The Red

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Posted In: NewsEconomicsCathie WoodeconomicsMoody'sPeter SchiffWeek in Review
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