- The Israel-Hamas conflict could hit stocks, fuel inflation, and slow growth, experts say.
- The Fed might hike interest rates to curb price growth, or cut them to escape a recession.
- Billionaire investor Bill Ackman called out US foreign policy, while Chamath Palihapitiya laid out why oil could surge.
The brutal Israel-Hamas conflict threatens to stoke inflation, choke economic growth, and pull down stocks, some of Wall Street’s top investors and strategists have warned. They say the clash could put the Federal Reserve in a bind as to whether it keeps hiking interest rates to cool price increases, or reverses course to cut the risk of a recession.
Meanwhile, billionaire investor Bill Ackman blamed the clash on America’s foreign-policy failures, Chamath Palihapitiya warned oil prices were likely to jump, and several experts including Ed Yardeni predicted market sentiment will soften.
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