S&P 500 could drop to 3500 points; 75bps rate hikes possible for Canada and U.S.: David Rosenberg
David Rosenberg, president, chief economist and strategist at Rosenberg Research, joins BNN Bloomberg to discuss the latest inflation data out of the U.S. Rosenberg shares his very bearish commentary on how sticky inflation will be in the months ahead. He warns about the measures central bankers could take to tackle it, including the possibility of 75bps rate hikes.