Oaktree's Marks Urges `Deathly Afraid' Fed to Raise Rates

Updated on
  • Quarter-point increase wouldn't be `that big of an event'
  • Distressed manager joins Janus's Gross telling bankers to act

How Close a Call Was a Fed Rate Hike Decision?

Howard Marks, the co-founder of the world’s biggest distressed investment firm, said a “deathly afraid” Federal Reserve needs to get over its worries and raise interest rates, adding to a growing group of investors that have urged the central bank to lift borrowing costs.

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