Fed's Unanimous Vote Helps Remove Some Market Uncertainty
Dow Jones
1 hour ago
0547 GMT - A unanimous decision by the Federal Reserve to raise rates, and the suggestion of an additional hike later this year, will help remove some uncertainty for the market, Catalyst Funds' Larry Holzenthaler says, adding that it is a positive. "It's fair to assume that if the Fed had not acted today [Wednesday], it would have caused meaningful strain across markets," the senior portfolio manager says. This rate hike--and suggestion of more to come--should keep the demand for low-duration credit fairly high, in particular senior corporate loans, which have a floating rate coupon structure, and the same can be said for higher-yielding, shorter-duration bonds as well, he says.
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.