What Could Break as Interest Rates Rise?
Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates in decades, with big rate moves this month.
Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates in decades, with big rate moves this month.
Investors are conceding that the Federal Reserve is now intensely focused on fighting inflation and less concerned about higher interest rates.
Chicago Fed President Austan Goolsbee said, decision to hold interest rates steady last week was a “close call.
Federal Reserve Bank of Atlanta President Raphael Bostic said he supports holding the central bank’s target-rate level for the rest of 2023.
In the past 74 years, the US has only avoided a recession once when unemployment moved up by 1%.
For many clients, it can be difficult to make ends meet during periods of high inflation, let alone save money for retirement.
Following nine successive Fed interest rate hikes and inflation hitting peak of 9.1% in June '22, US public pensions are ‘building for the long term.'