(Harvest) The markets were widely anticipating the US Federal Reserve (Fed) would raise interest rates at its March policy meeting, and the Fed delivered, increasing its key short-term lending rate—the Federal funds rate—for the second time in three months. The Fed also indicated it hasn’t likely finished its tightening cycle yet, but there are still plenty of unknowns ahead. Franklin Templeton Fixed Income Group’s Chris Molumphy sees the Fed’s move as a vote of confidence in the US economy given positive trends in the labor market.
Why Fixed-Income Investors Shouldn’t Fret About Fed Tightening
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