Cathie Wood Says U.S. Inflation Fears Are Easing as Productivity Data Improves

ARK Invest founder Cathie Wood said recent U.S. macroeconomic data are reducing market concerns about inflation rising again and that the U.S. economy is entering a new upswing driven by technological productivity, rather than repeating 1970s-style stagflation.

According to Odaily, Wood cited several indicators she said point to low inflation pressure, including U.S. productivity growth of 3%, unit labor costs of 0.5%, and Truflation core CPI near 1.3%.

Wood said that even if employment data remain strong, any short-term market pullback reflects investor sensitivity to interest rates and macro risks. She described the current environment as a typical period of “climbing a wall of worry,” comparing it to the 1980s and 1990s, when innovation supported longer-term asset gains.

Wood added that technologies such as AI, robotics, autonomous driving, and multi-omics are still in early stages of development. She said the productivity gains from these technologies have not yet been fully reflected in economic statistics and characterized the current period as the early phase of a technology expansion cycle in which innovation will drive medium- to long-term economic growth.