Economy / FinanceNorth America

Fed Playing a ‘Dangerous Game’ That May Lead to ‘Significant Recession,’ Says Analyst

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As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper.

When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make its way through into the data, you’re playing a dangerous game,” Hooper said on a Bloomberg podcast.

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