To tame surging inflation, the central bank recently raised rates by three-quarters of a percentage point for a third straight time. Moreover, many analysts expect the Fed to raise rates by at least 1.25 percentage points in its two remaining meetings this year.
Ken Griffin, Citadel’s founder, and CEO, believes the central bank has a difficult job ahead of bringing down prices while not slowing the economy too much. He said there could be a chance for a recession next year.
