Stocks, Bonds Slip as Oil Jump Fuels Fed-Hike Bets
US stocks and bonds declined as rising oil prices and strong business activity fueled expectations for Federal Reserve interest rate hikes. Data indicated that US business activity expanded at its fastest rate since 2021. BlackRock strategist Gargi Chaudhuri analyzed market trends and investment strategies within the current high-rate cycle.
Stocks joined bonds lower as higher oil prices stoked worries about inflationary pressures, which were further bolstered by data showing jump in US business activity at the fastest pace since 2021. Gargi Chaudhuri, Global Chief Investment Strategist at BlackRock, discusses the markets and how investors can be more selective amid a higher rate cycle. (Source: Bloomberg)
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