#USACryptoTrends #TrumpTariffs Hedge Fund Titan Steve Cohen: U.S. Economic Growth Has Significantly Slowed, Recession Probability Around 45%
On May 15th. Steve Cohen, the billionaire investor and founder of hedge fund Point72 Asset Management (referred to as "the Wildest Money-Making Machine on Wall Street"), stated at the Sohn Investment Conference in New York on Wednesday: "We are not currently in a recession, but economic growth has slowed down significantly." The 68-year-old Cohen said he does not think the Fed will cut rates promptly because "they are worried about the inflation caused by tariffs." He anticipates that US economic growth will slow down to 1.5% or lower next year, "which is acceptable, but not remarkable." He mentioned that the quick reversal of the stock market plunge in April and the subsequent rebound was unusual in terms of speed, and emphasized that he is closely observing the market's reaction after the release of the next round of US economic data. Even if the market does decline, he expects the drop to be between 10% and 15%, "which is not a catastrophe." He also added that the US stock market may remain within a certain range for a period of time. (Jinshi)
