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Cathie Wood: The current unemployment rate is higher than the peak levels in previous cycles before 2008 to 2009, signaling a rate cut again.
BlockBeats news, on September 7, ARK Invest CEO Cathie Wood tweeted, "The productivity-driven prosperity we anticipate should shorten the duration of unemployment, but the current unemployment rate is still higher than the peak levels of each cycle before the 2008-2009 (crisis). This once again clearly calls for a drop in the Interest Rate."