Fed Should 'Just Hike and Move on With It,' Says JPM's Herr
JPMorgan Asset Management's Kay Herr argues that the Federal Reserve should proceed with rate hikes without extensive deliberation, as market participants are more concerned about the lack of forward guidance than the hikes themselves. According to Herr, the recent rally in yields reflects investor frustration with the Fed's communication strategy rather than opposition to rate increases.
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Fed Should ‘Just Hike and Move on With It,’ Says JPM’s Herr
JPMorgan Asset Management's Kay Herr argues that the Federal Reserve should proceed with rate hikes without extensive deliberation, as market participants are more concerned about the lack of forward guidance than the hikes themselves. According to Herr, the recent rally in yields reflects investor frustration with the Fed's communication strategy rather than opposition to rate increases.
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