Traders Waver on Bets For Another Rate Hike This Year
Bond traders expect further Federal Reserve interest-rate hikes despite potential job growth slowdowns. Experts note that declining real wages remain a significant concern for American families.
Bond traders are betting so heavily that more interest-rate hikes from the Federal Reserve are on the horizon that even the anticipated slowdown in job growth is unlikely to significantly alter the outlook. Kitty Richards, senior fellow at the Groundwork Collaborative and a former Treasury official, joined Balance of Power and said the biggest problem for families is that "we’re seeing real wages continue to decline. (Source: Bloomberg)
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