Cathie Wood: The current unemployment rate has been higher than the peaks of each cycle before 2008-2009, and it has once again sent a signal of interest rate cuts.
Source: ChainCatcher
Time: 2025-09-07 21:43:16
According to ChainCatcher, ARK Invest CEO Cathie Wood said on social media, “We expect productivity-driven booms should reduce the duration of unemployment, but the current unemployment rate is higher than the peaks in the pre-crisis cycles from 2008 to 2009. This once again explicitly calls for lower interest rates.”