Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock

MarketWatch/William Watts/9-6-2022

“”It seems they do not intend, for now, to manage the sharp trade-off between inflation and growth. That’s a big deal. We think getting inflation back to central bank targets means crushing demand with a recession,’ they wrote. ‘That’s bad news for risk assets in the near term.’”

USAGOLD note: In other words, Black Rock thinks investors need to batten down the hatches for a stiff recession, perhaps inflationary recession, that is not currently priced into equities. It is not buying the dips.

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