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Why the FOMC need not worry about a US or global recession: Wei Li
The Federal Open Market Committee is meeting this week and with all the market turmoil this year, concerns about a US recession and a slowdown in China, there will be enough for Fed officials to consider. But investment strategist Wei Li thinks all the talk of a US or even global recession is overblown and here’s why.
Wei Li, who is head of investment strategy iShares EMEA, shares her expectations ahead of the FOMC meeting on March 15-16. She notes the big gap between the rate hike path foreseen by the Fed and market expectations.
Wei Li also explains why she believes concerns about a US or even a global recession are exaggerated, arguing the US economy is showing signs of stabilising while Europe appears to be resilient and emerging markets have plenty of ammunition left to prop up growth.
04:03 minutes
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