“Regardless of whether we are entering an official recession — when that might happen, what the technicalities of the yield curve is telling us — what we know for certain is we are entering a growth slowdown situation; what we know for certain is that the path of inflation is far more unknown than we thought it was,” she told CNBC’s “Squawk Box Europe,” adding that this means higher volatility ahead for investors.
U.S. stocks plunged for a second consecutive day as investors lie await the release of the Fed’s Tuesday meeting minutes. Shares in Asia-Pacific have also plummeted on Wednesday.
Ams OSRAM shares plunged 9.6 to the bottom of the Stoxx 600, continuing Tuesday’s declines the electronics company’s Capital Markets Day failed to convince investors.
