(Bloomberg)The Federal Reserve may be signaling an increasing chance of four interest-rate hikes this year, but plenty of doubters remain. Societe Generale SA and BlackRock Inc. are finding value in short-term Treasuries even as the chances grew on four rate rises this year following Fed Chairman Jerome Powell’s congressional testimony last week. SocGen’s New York-based head of U.S. rates strategy said that three hikes make sense given the outlook for inflation.
From Hedge Funds to SocGen, Doubts Remain on More Aggressive Fed
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