The Point72 CEO said there’s a lot of “underemployment” in the country, which could create upward pressure on inflation if economic growth…
Inflation was falling in late 2023, but there were several upside surprises in that data during the first quarter of this year.
Cohen also said the current market rally is not a bubble like 1999's dotcom boom and is instead due in part to investors pricing in future growth from artificial intelligence.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"The Fed thinks it's eventually going to come down to a 2% inflation rate. ...
The Point72 CEO said Wednesday that there's a lot of"underemployment" in the country, which could create upward pressure on inflation if economic growth remains strong. Cohen also expressed general confidence in the stock market. He said the current market rally is not a bubble like 1999's dotcom boom and is instead due in part to investors pricing in future growth from artificial intelligence.
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