B · Normal
[Morgan Asset Management: If the Fed does nothing, it could "shock" the U.S. bond market] On September 16, Iain Stealey, chief investment officer of Fixed Income International at J.P. Morgan Asset Management, said that if the Federal Reserve decides to keep interest rates unchanged on Wednesday, local time, it may "surprise" the market. Traders are now almost certain that the Fed will raise interest rates, so if it does nothing, it could trigger a sell-off in U.S. Treasuries.
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