Market Insider: 6 Experts Warn Markets Are at Breaking Point - and the Financial System May be Starting to Crack
Article by Theron Mohamed in Markets Insider
Market strategists point to the Federal Reserve as a key driver of the current mayhem. The US central bank has raised interest rates from almost zero in March to a range of 3% to 3.25% in a bid to cool historic inflation.
However, the rate hikes have caused stocks to tumble, bond yields to climb and the US dollar to surge. The risk of a global economic slowdown has risen in turn, experts say.
Here's what 6 experts have said about the risks in markets today:
1. Charlie McElligott, a cross-asset macro strategist at Nomura
"The velocity of things breaking around the world ... is obviously a 'neon swan' telling us that we are clearly now in ......
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