Cathie Wood: Next phase of this cycle may feature accelerating economic growth, declining inflation, lower interest rates, and a stronger US dollar
Svmuu News ARK Invest CEO Cathie Wood posted on platform X that the latest jobs report came in stronger than expected, with non-farm payrolls increasing by 172,000 compared to a market expectation of 88,000, with upward revisions of 93,000 from prior months, and wage growth of approximately 0.3%. Cathie Wood stated that current productivity growth is near 3%, and unit labor costs are around 0.5%. The bond market appears to be pricing in the deflationary effects of technological innovation, particularly as AI begins to enhance productivity across various sectors of the economy. If tensions with Iran ease and oil prices fall, she believes inflation could enter negative territory by the end of the year. The next phase of this cycle may feature accelerating economic growth, declining inflation, lower interest rates, and a stronger US dollar.
Source:Odaily · Source Link
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