As we slowly work our way out of this historic recession, it’s a good time to take a step back and think about where we might be headed and what it could mean for the fixed income holdings in your portfolio.
In December of 2008, the Federal Reserve dropped interest rates to record lows and began several programs intended to help the economy through the recession.1 Now that the economy seems to be stabilizing, the Fed is looking to unwind these activities over time by tightening the availability of credit and increasing the target interest rate.
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