Fed rate outlook and market risks: Fed should proceed carefully, investors need stability: Economist
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Yahoo Finance Live sits down with Annex Wealth Management Chief Economist and Strategist, Brian Jacobsen, to discuss the probability of another rate hike. Jacobsen says the Fed’s decision to “proceed carefully” with rate hikes going forward is wise following what he described as them previously “proceeding recklessly.” However, he notes that yields reaching around 4.5% does risk additional hikes. Jacobsen explains that typically the level of yields itself is not problematic, but rather the speed at which rates change. He states that more stability in interest rates “aids business owners and consumers in long-term planning” by giving them time to adapt to the shifting economic landscape. However, the uncertainty surrounding […]