Guggenheim’s Minerd Says Fed Won’t Stop Raising Rates Until Something ‘Breaks’

Guggenheim Partners’ Scott Minerd thinks the Fed will continue with rate increases until “something breaks,” adding that he is beginning to see “cracks” forming.

Elaborating on CNBC after his tweet, Guggenheim’s Global Chief Investment Officer said the Federal Reserve could be forced to stop and pivot as soon as early November. The risk of a “financial accident” that forces the Fed’s hand is growing and investors should be prepared.