The Federal Reserve raised interest rates today following a number of strong economic reports. Reuters covers their outlook for the U.S. economy in the coming months. Jeffrey Gundlach, CEO of DoubleLine Capital, is known on Wall Street as the “Bond King”. He says that the rising yield for 10-year Treasuries spells trouble for stocks and housing. Reuters reports on his bond forecast for the next four years. What do rising interest rates mean for your personal portfolio? Schwab answers the question with a summary of the affects on everything from cash investments to stocks to Adjustable Rate Mortgages.
Fed Raises Rates, Sees Faster Pace Of Increases In 2017– The U.S. Federal Reserve raised interest rates by a quarter point on Wednesday and signaled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation. Read more…
Gundlach’s Forecast For Interest Rates Over The Next Four Years– On an investor webcast late Tuesday, Jeffery Gundlach reiterated that U.S. President-elect Donald Trump’s administration will be “bond unfriendly” and investors should brace for a 6 percent 10-year Treasury yield within four to five years. Gundlach is the founder of DoubleLine and known on Wall Street as the “Bond King.” Read more…
What Rising Interest Rates Mean For You– When the Federal Reserve raises its key short-term interest rate, financial markets often move in response. But the impact isn’t uniform across the board. How could a Fed rate hike affect your balance sheet? Read more…
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