Fed raising rates is an ‘unnecessarily destructive’ path: Economist
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#youtube #yahoofinance #interestrates Recent retail earnings reports show a cut back in consumer spending. Paul Donovan, UBS Global Wealth Management Chief Economist, joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss how consumer spending may impact the upcoming Fed decision on interest rates. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas […]