Luke Browne on contagion risks, rate hikes & US recession
The banking sector is being watched closely due to recent developments, but the fundamentals remain robust, says Luke Browne of Manulife Investment Management. Market sentiment is currently fragile, and the probability of a US recession rising to over 35% from 20% in January. However, Browne believes that while a recession may occur, it is likely to be shallow, and the Fed will have ammunition to limit the damage.
