Billionaire Steve Cohen expects a stagnation warning, FED will maintain fixed rates amid “great slowdown”: Report
According to what Steve Cohen, the hedge legend, believes that the American economy has not exceeded the minimum despite the positive developments during the past few weeks.
At the Sohn Investment Conference in New York, the Point72 Asset Management president says that there is a 45 % chance for the United States to enter a period of economic shrinkage, Reports Bloomberg.
“We are not in a stagnation yet, but we have a significant growth.”
Cohen predicts that the American economy will grow by 1.5 % in 2026, noting that the number is “ok but not enormous.”
Data of trading economics He appears The US GDP has grown 3.2 % on average from 1947 to 2025.
Moving to the S&P 500, Cohen notes that the sudden reflection of the stock market after it decreased to 4835 points in April is “extraordinary”, “extraordinary”, ” comparison Moving to the gatherings that witnessed after the collapse caused by Covid in March 2020.
Currently, the billionaire says it is in the world of the possibility that the S&P 500 will recover by up to 15 % or just move sideways in the coming months.
“The markets should not rise every year. The markets can go sideways and this is completely normal.”
As for the Federal Reserve, Cohen believes that President Jerome Powell will keep interest rates fixed to expand the economy against shocks caused by customs tariffs.
“They will be concerned about inflation from the definitions.”
Cohen is not the only one who highlights an alert about the possibility of the United States to enter an economic recession. Last week, Jimmy Damon, CEO of JPMorgan Chase, said that the American economic deflation is something that will not be removed at this stage, even after the White House fell on a trade truce with China last week.
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