“If the interest rate hikes get to between 3% and 3.5% in the middle of next year, there is one third of a chance that a recession would take place,” he adds.
With a narrow path to a “soft landing”, investors should brace themselves for more pain before the relief of a potential bull run, say the speakers at The Edge Singapore’s Mid-Year Investment Forum — “Unmasking Opportunities”.
As the US Federal Reserve (Fed) continues its wrestle with inflation at more than four-decade-highs, the central bank has taken an increasingly hawkish stance and is likely to rate hikes more aggressively moving forward, says Mizuho Bank head of economics and strategy Vishnu Varathan during the panel discussion.
