Investing for Higher Short-Term Interest Rates and Slower Economic Growth
This article was originally published on ETFTrends.com.
By Gary Stringer, Kim Escue and Chad Keller, Stringer Asset Management U.S. economic growth will likely moderate as the Fed raises short-term interest rates to curtail inflationary pressure. Manufacturing accounts for more than one-third of our economy and the most recent ISM Manufacturing PMI Index reached its highest level in 14 years (exhibit 1). Based on [...]