U.S. Stocks Rise, Led by Retailers
Wednesday, May 16th 2018
“More investors now are anticipating three additional Federal Reserve interest-rate increases this year compared with the central bank’s previous projection of two. Higher rates tend to push up borrowing costs and Treasury yields, making stocks less attractive to some investors.
Still, some investors think markets can withstand higher rates as long as the Fed sticks with its current gradual pace of tightening.
“I don’t think it’s been at a speed that’s too difficult to deal with,” said Jeff Garden, senior research analyst and portfolio manager at Lido Advisors. “This has been coming for a long time.”
Wall Street Journal
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