Hedge Fund Titan Steve Cohen: US Economic Growth has Significantly Slowed, Recession Probability Around 45%

BlockBeats News, May 15th. Billionaire investor and hedge fund Point72 Asset Management (known as the "Wildest Money-Making Machine on Wall Street") founder Steve Cohen stated at the Sohn Investment Conference in New York on Wednesday: "We are not in a recession yet, but economic growth has significantly slowed down."

68-year-old Cohen said he does not believe the Federal Reserve will cut interest rates immediately because "they are concerned about the inflation brought by tariffs." He expects the U.S. economic growth to slow to 1.5% or lower next year, "which is acceptable, but not impressive."

He mentioned that the April stock market's plunge and rebound appeared unusually fast in terms of reversal speed, emphasizing that he is closely watching the market's reaction after the next round of U.S. economic data is released. Even if the market does fall, he expects the decline to be between 10% and 15%, "which is not catastrophic." He also added that the U.S. stock market may remain range-bound for a period of time. (Golden Ten)