Cathie Wood: The current unemployment rate has exceeded the peak levels of previous cycles before 2008-2009, signaling a need for interest rate cuts again
ChainCatcher message, ARK Invest CEO Cathie Wood stated on social media, "The productivity-driven prosperity we anticipate should shorten the duration of unemployment, but the current unemployment rate is still higher than the peak levels of previous cycles before the 2008-2009 (crisis). This once again clearly calls for lower interest rates."
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