Should Investors Pull Out of U.S. And Head for Europe?
German government bonds led declines in euro-area debt markets after Federal Reserve Chair Janet Yellen said on Friday that tighter monetary policy in the U.S. is warranted if economic data continue to improve. While Yellen didn’t specify the exact timing, she said it was “appropriate” for the central bank to “gradually and cautiously” increase interest rates in coming months. The Federal Open Market Committee meets on June 14-15 to set the policy rate. BNP Paribas Senior Investment Strategist Daniel Morris discusses with "On the Move" host Caroline Hyde.
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