If you think the US is heading for a soft landing, you might have another thing coming. That’s according to Seema Shah, the chief global strategist for Principal Asset Management. Despite a stream of data in recent weeks supporting the Federal Reserve’s best-case scenario, Shah argues there’s no way an economy can survive the super-fast shift in interest rates just seen without some relatively unpleasant repercussions. What would that future look like? Shah joins this week’s Merryn Talks Money to give her view of the landscape.
Plus, Merryn and John Stepek discuss what Shah's predictions could mean for your portfolio, and John's tip of the week could earn you £1000 for a few hours of "admin work."
See omnystudio.com/listener for privacy information.
Merryn Talks Money