Billionaire Ken Griffin calls markets 'unprepared' for inflation - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.A jump in US inflation is among the biggest risks to financial markets, and the country shows "absolutely no preparedness" for such an event, Ken Griffin, founder of $32 billion hedge fund Citadel, said Thursday.

The Federal Reserve's preferred inflation metric sits at 1.6%, and hasn't consistently hit its 2% target in years. Inflation has remained relatively stagnant for years, rarely landing above the Fed's 2% target or low enough to drive fears of price deflation. Markets have generally priced in a lack of rapid inflation, leaving the US with "absolutely no preparedness" for such a jump, the hedge fund billionaire said at the Economic Club of New York.The Citadel founder recalled when his fund pored over Fed minutes in the months before the a first rate hike.

Griffin also pointed to the coronavirus outbreak as "probably the most concrete short-run risk we see in the financial markets globally."have already faced supply chain hurdles, lowered forward guidance, or closed hundreds of stores in response to the pandemic, and the virus has accelerated its infection rate through February.

And MAGATs are too busy worshipping Trump to see what's about to land on them like a ton of bricks.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why WeWork is the 'Enron of real estate': billionaire investor Sam Zell - Business InsiderIts competition is a 'plug at Starbucks': Billionaire investor Sam Zell says WeWork is the 'Enron of real estate' — and explains why similar models are also doomed to fail A plug at Starbucks - I love it. Or at your local gym. I've seen ppl working the phones while working out on their exercise bikes.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Newsticker - News & Tipps von Business Insider DeutschlandTrending: Big Tech companies are getting older but they can still learn new tricks Is that fortnite. RIP old fornite map. Fortnite really streching for advertising
Source: BusinessInsider - 🏆 729. / 51 Read more »

Welcome, Business Insider MexicoInsider Inc and Mediasurf launch the 17th edition of Business Insider in Mexico on February 4th 2020. BusInsiderMX ¡VIVA Mexico 🇲🇽 RA, RA, RA!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market day-trading strategy: Order flow and scalping with size - Business InsiderJosh Evans' cancer diagnosis motivated him to start trading stocks full time. He shares the changes in strategy that completely turned around his investing fortunes.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market - Business InsiderFCA said its operating profit matched expectations, boosted by strong North American business and better results in Latin America.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How founders and investors can capitalize on the parenting market - Business InsiderThere's been a revolution in parenting driven by millennials having kids later in life, and it's a huge economic opportunity for investors and founders (by Nico_Bossi)
Source: BusinessInsider - 🏆 729. / 51 Read more »