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Recession On The Horizon? Daniel Lam, Head, Equity Strategy, Standard Chartered Wealth Management

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Daniel Lam, Head, Equity Strategy, Standard Chartered Wealth Management discussed with us on the kind of indicators we are getting globally about inflation and recession. He said, ” The FED is very likely to hike 75 BPS later on this month. Silver line to this is that all prices have started coming off. That may elevate the pressure later on. The FED will try to control inflation.” NOMURA said that the FED may hike interest rates by 100 Basis points. Mr. Lam added, ” Energy stocks did not do so well. In terms of other stocks they came off very well. It means people are worried about recessionary risk.”#Recession #FED #Market