in the Fed investors trust, even as its campaign
to raise interest rates causes turmoil in the stock bond
currency and commodity markets and increases the odds of a
global recession, Bloomberg told a group of professional and
retail investors asking them which central bank will succeed in
cooling inflation and getting the cost of living under control
. The U. S. One handedly, that
may be because the rest of the world faces additional
pressures for the UK and europe. It's an energy
shortage sparked by war in Ukraine while china is still
pursuing its covid zero policy. In other words,
the U. S. Is the cleanest dirty shirt
in the global laundry basket. So it follows that
survey respondents also overwhelmingly picked the U. S.
Economy as the relative winner seen emerging from the global
turmoil First, along with US stocks and bonds.
Now looking ahead, one unspoken downside risk in a
recovery is a potential widening and inequality. The stock
market would rally boosting the portfolios of the wealthy while
stagnating pay and hydrants would squeeze lower income households.