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Steve Cohen predicts U.S. economic growth will slow to below 1.5%
According to Deep Tide TechFlow, billionaire investor Steve Cohen stated at the Sohn Investment Conference in New York that the United States has not yet entered a recession, but economic growth is significantly slowing. He expects growth to drop to 1.5% or lower next year.
Cohen believes the Federal Reserve will not immediately cut interest rates because they are concerned about inflation caused by tariffs. He mentioned the unusual fluctuations in the stock market in April and is closely monitoring the market's reaction after the next round of economic data. Even if the market declines, the drop is expected to be between 10% and 15%, and it will not be catastrophic. He also stated that the U.S. stock market may remain in a sideways consolidation for some time.
Cohen believes the Federal Reserve will not immediately cut interest rates because they are concerned about inflation caused by tariffs. He mentioned the unusual fluctuations in the stock market in April and is closely monitoring the market's reaction after the next round of economic data. Even if the market declines, the drop is expected to be between 10% and 15%, and it will not be catastrophic. He also stated that the U.S. stock market may remain in a sideways consolidation for some time.
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