Vanguard CIO Greg Davis: Fed could hike interest rates two more times
Publishing timestamp: 2023-10-31 19:29:57
Summary
Vanguard's chief investment officer believes that the Federal Reserve will continue to hike interest rates, potentially with one to two more rate hikes before the end of the year. This is seen as good news for investors, as it allows them to earn real income on their fixed-income investments. Bond investors are also shifting their strategies, moving towards longer-dated securities and considering asset allocation. Vanguard currently has $7.8 trillion in global assets under management.
Sentiment: NEUTRAL
Tickers: US10Y,
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