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US Politics

US Politics

Cathie Wood says the US is in a ‘rolling recession’ as money velocity collapses, but that will help unlock Fed rate cuts and lower taxes

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Ark Invest founder and CEO Cathie Wood sees two or three rate cuts this year as inflation cools further.

Wood says she has been buying Tesla stock and crypto-related assets like Coinbase and Robinhood during the market's downturn.

The Fed kept rates steady while central bankers lowered their growth forecasts for the year and lifted inflation expectations.