Fixed Income Markets in a Higher for Longer Environment

Interest rates remain one of the primary concerns for investors as Kevin Warsh has officially assumed leadership at the U.S. Federal Reserve (Fed). While we believe the possibility of a rate cut has diminished considerably, we are not yet expecting additional rate hikes. In our view, Warsh is likely to chair the board independently and pragmatically in an environment that would make it difficult to justify easing policy while inflation remains elevated. At the same time, we do not anticipate an aggressive tightening stance. Instead, the new Fed Chair may adopt a patient, “wait and see” approach as he evaluates incoming economic data and evolving market conditions. Read the full update: https://www.etftrends.com/etf-strateg...