Aggressive Fed has global ramifications

Here are 3 ways the world could be hit

Global recession
A more aggressive Fed is likely to have ripple effects throughout the global economy, and as such, Friday’s inflation print triggered a multi-day sell-off of stocks worldwide.

Central bank knock-on effect
The European Central Bank last week confirmed its intention to hike its main interest rate by 25 basis points at its July meeting, with a further hike slated for September.

‘Profit recession’
Along with the prospect of a global economic recession, investors should also be wary of an incoming “profit recession,” according to Guy Stear, head of emerging markets and credit research at Societe Generale.…

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