A Summer Fed Rate Hike Will Shock Markets, Says Bell
It took only a few days for interest-rate anxiety to flood back into the bond market. After dismissing the chance of a Federal Reserve rate increase in June, traders reversed course Wednesday when minutes from the most recent Federal Open Market Committee meeting sent yields soaring. Most officials said at the April gathering that a move in June would be warranted if economic data indicate stronger growth and inflation. Stanhope Capital CIO Jonathan Bell discusses rate hike implications with "On the Move" host Guy Johnson.
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