(Bloomberg) -- Cathie Wood, the founder of Ark Investment Management, said any decision by the Federal Reserve to raise interest rates as the yield curve inverts would be a mistake.
U.S. government bond yields reached new levels of inversion Friday after a solid jobs report bolstered bets that the central bank will increase the size of its next rate hike. The two-year rate exceeded the 30-year for first time since 2007, while other parts of the curve, including the five-year and 30-year segment, already inverted.
The Fed seems to be “playing with fire,” she wrote in a series of tweets on Saturday.
©2022 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
