27 October 2023
Cooperman anticipates a recession in 2024, attributing it to soaring energy prices and the effects of quantitative tightening. He expressed concerns about the Federal Reserve’s continual rate hikes, questioning their impact on persistent inflation. He mentioned factors such as the rising price of oil, a strong dollar, and Fed tightening as contributors. Cooperman also warned that if the government addresses the deficit, it could negatively impact corporate profits and overall economic growth. Furthermore, the Fed’s aggressive stance on inflation might trigger market selloffs.