Market veteran Jim Bianco tells Yahoo Finance the Federal Reserve could break the back of the red-hot rally in stocks as it attempts to cool inflation with interest rate hikes.
“I think that is the number one risk right now in 2022,” the president of Bianco Research said inside of DoubeLine’s California headquarters where he will be presenting his key themes at the bond giant’s annual Roundtable Prime event. [The risk] is that the high inflation rate is perceived to be persistent, which…
Source link
