Calamos President & CEO John Koudounis cautioned on the need for a “soft landing” for the economy as the Federal Reserve (Fed) is widely expected to raise interest rates Wednesday.
The Fed is expected to raise interest rates by a half-percentage point which is the largest rate hike in more than two decades.
It’s a clear sign of the urgency with which the Fed is approaching inflation, as prices continue to climb at the fastest pace in 40 years.
Calamos President & CEO John Koudounis said that Fed “is doing a great job at least in telegraphing what it will do.”
In an interview with Fox Business‘ Maria Bartiromo on Tuesday, he predicted that the Fed will raise interest rates one more time after Wednesday, but “after this, it will pause.”