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The Fed is going to pivot in 3 stages, author Nomi Prins says

The Fed is going to pivot in 3 stages, author Nomi Prins says

A trader works on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City, U.S., July 27, 2022. 

Brendan Mcdermid | Reuters

The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.

Markets expect the central bank to enact…


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