The Person behind yesterday's Stock Market Crash - Christine Lagarde 🔥🔥
yesterday, stock markets fallen by --
Dow Jones - 2.25%
Nasdaq - 3.23%
Nifty 50 - 1.32%
CAC - 3.1%
DAX - 3.3%
Massive ‼️
She is the president of European Central Bank. ECB hikes interest rate by 50bps to 2.5% - highest since Nov, 2008
📌 She was very Hawkish (Bearish) in her speech with 3 main points -
⭐ The terminal rate would be much higher than most people anticipating due to continuous interest rate hikes.
⭐ Quantitative Tightening will start from Q1 2023 to shrink the balance sheet.
⭐ They see core inflation to at 4.2% by December, 2023.
In simpler words, they will fight inflation very seriously & there would be BIG recession in Europe in 2023 😱😱

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