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Market Insider: 6 Experts Warn Markets Are at Breaking Point - and the Financial System May be Starting to Crack

October 6, 2022
Market Crash Financial crisis

Article by Theron Mohamed in Markets Insider

Market strategists point to the Federal Reserve as a key driver of the current mayhem. The US central bank has raised interest rates from almost zero in March to a range of 3% to 3.25% in a bid to cool historic inflation.

However, the rate hikes have caused stocks to tumble, bond yields to climb and the US dollar to surge. The risk of a global economic slowdown has risen in turn, experts say.

Here's what 6 experts have said about the risks in markets today:

1.  Charlie McElligott, a cross-asset macro strategist at Nomura

"The velocity of things breaking around the world ... is obviously a 'neon swan' telling us that we are clearly now in ......

To read this article in Markets Insider in its entirety, click here.

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