Thomas Bonds

A strategic plan must focus on the risks and opportunities that may occur down the road.  While that longer-term focus used to be measured in years, it is more prudent today to think of longer-term as a matter of months. There are many indications that support the idea that short-term interest rates are poised to increase sooner and more quickly than previously believed.

In July the Federal Reserve minutes stated “it might become appropriate to begin removing monetary policy accommodation sooner” than they anticipated.

In a recent Bloomberg interview the president of the Federal Reserve Bank of Richmond stated that investors may be underestimating the pace at which the Federal Reserve will raise interest rates over the next two years

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