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Investment Strategy Commentary

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  • Fed rhetoric suggests a rate hike is appropriate “in the coming months”; we still believe it will err on the side of caution
  • Slow growth, modest inflation and negative interest rate policy abroad all prevent the Fed from raising rates too fast
  • History suggests markets handle rate hikes fine (and actually perform well) if rate hikes are well telegraphed
Investment Strategy Commentary, The Fed, Janet Yellen, Jim McDonald
The Bark is Worse Than the Bite