IMF sees potential for further market turbulence as central banks hike rates
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Invesco QQQ Trust (QQQ.US)$ The International Monetary Fund has warned markets’ tumultuous sell off could continue further into 2022.
As central banks’ moves to tighten monetary policy, “risk assets such as equities could sell off further,” the IMF’s Tobias Adrian told CNBC.
The market reaction will hinge largely on central banks’ ability to communicate their intentions, Adrian said, urging order and transparency.
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