reiterated her view that options are open for the size of the December interest-rate increase, including the possibility of a 75 basis-point move.
Kim Forrest, chief investment officer at Bokeh Capital Partners, said investors could look to the Treasury market for clues on the Fed’s rate-hike trajectory. The yield on the 10-year Treasury has fallen precipitously since the top in late October and shows “a softening inflationary environment”, she said on Bloomberg Television.
“The bond market is a little bit smarter about what the Fed needs to do and what it’s going to do. It’s been telling us that the Fed probably won’t be able to get its rates up to 5% nor will it need to,” Forrest said.
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