Fed hike could raise recession risk: David Rosenberg

David Rosenberg backs Fed Chair Powell's wait-and-see approach, warning that a rate hike now could worsen the economic outlook. He notes there is no evidence that the recent oil supply shock has passed through to inflation expectations, supporting a pause in tightening.

Analysis

David Rosenberg backs Fed Chair Powell's wait-and-see approach, warning that a rate hike now could worsen the economic outlook. He notes there is no evidence that the recent oil supply shock has passed through to inflation expectations, supporting a pause in tightening.