Pursuits
Fed Rate Hike Shaping Up as More of a Big Dud Than a Big Short
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The Federal Reserve’s plan to increase interest rates is turning into more of a big dud than a big short for bonds.
“It’s not that scary,” said Rick Rieder at BlackRock Inc., the world’s biggest money manager. “Everyone knows the Fed’s going to lift off, whether it’s June or September,” he said in an interview with Bloomberg this week.