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ARK Invest CEO Cathie Wood dismisses Fed rate-hike fears, expects tech innovation to drive stronger growth and lower inflation
ARK Invest CEO Cathie Wood states that higher interest rates will not derail the technology boom, arguing that rapid innovation will drive stronger economic growth. Wood anticipates the current tech revolution will reduce inflation while pushing global growth above its historical 2-3% range. Her comments come as semiconductor stocks cool after helping push the Nasdaq to a record high.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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