Fidelity Multi Asset: ‘Hard landing is now our base case’
13 July 2022
With a hawkish Fed willing to push up interest rates to try to curb inflation, the risk of a hard landing has increased in the opinion of the Fidelity Solutions & Multi Asset teams. Following last month’s surprisingly high US CPI print, and the subsequent 75bps hike from the Federal Reserve, discussion has swiftly moved on from whether...