Innovation investor and founder of Ark Invest Cathie Wood issued a warning, saying she is more concerned about deflation than the Federal Reserve's widely anticipated interest rate hikes to lower rising inflation.
According to critics of Fed policy like Wharton Professor Jeremy Siegel, the Fed is overtightening into a hard landing — and according to Wood, the unanimity of the Fed’s last decision to increase the Fed funds rate by 75 basis points was surprising, given that the Fed uses lagging indicators to raise rates.
