Potential Fed Hike Seen as More Likely in September than Closer to Election
Dow Jones
2 hours ago
1413 ET - An interest rate increase by the Fed on September 16 is more likely than on October 28, Nuveen's Dan Close says. "You know, raising rates about a week before the election is tough," he says. August's jobs report was stronger than anticipated, boosting bets on a September hike. Close, who focuses on municipal bond markets, expects munis to move in tandem with Treasurys if the Fed moves. "It won't be as pronounced as the Treasury curve...we will likely move in sync if we do see a rate hike."
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.