MarketsInsider/Carla MMozee/8-29-2022
“‘Such actions should withdraw liquidity from the financial system, adding a hard-to-measure impact on top of [the Fed’s] already aggressive rate-hiking campaign,’ Jason Pride, Glenmede’s chief investment officer of private wealth, said in a note Monday.”
USAGOLD note: A concern we have voiced here on several occasions…… Investors might find it easier to slash stock holdings now in an environment of rising rates, than it has been in the past when cash holdings drew zero interest.
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