Tighter Monetary Policy Would Make U.S. Recession ‘Almost Inevitable,’ State Street Strategist Warns

Central bankers “talking tough” are raising the risk that the Federal Reserve’s tight-money policy will push the U.S. economy into recession, said Michael Arone, chief investment strategist at State Street Global Advisors, who suggested equity investors could ride out the tough times in consumer-discretionary, mega-cap technology and beaten-down energy stocks.