ARK Invest CEO Cathie Wood says that the Federal Reserve’s interest rate hikes have pushed the U.S. economy to the brink of recession and there’s one key indicator that proves it—the only problem is that Fed officials are ignoring the data.
“The yield curve is more inverted now than at any time since the early ’80s when double-digit inflation was entrenched,” Wood wrote in a Wednesday tweet. “The bond market seems to be signaling that the Fed is making a serious mistake.”
