Fixed-income focus: Beware ending up with the ‘ultra-short’ straw
Given the changing outlook on Federal Reserve rate moves, fixed-income decisions taken last year warrant a rethink.
So far this year, the Federal Reserve has gone from being in a firm rate-hiking cycle into a so-called "Powell pause" — where it put interest rates on hold due to slowing global growth and rising risks to the U.S. economy.
Following an extension of the "pause" at the May Federal Open Market Commi
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