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Fed Signal Sends Advisers Into Fixed-Income Scramble

TedTed
in The Bullpen
FYI: The Federal Reserve Board's signal earlier this week that it is preparing for its first interest-rate cut in 10 years sent a chill through some corners of the financial planning industry, as rate cuts typically indicate rough times ahead.

"We have increased our defensive positions as this recovery has aged," said David Demming, president of Demming Financial Services.

"During most of the recent years when the government telegraphed rate increases, we kept our maturities short so as not to be adversely affected by Fed increases," Mr. Demming said. "Now we are doing the converse, lengthening maturities to intermediate terms while never chasing yield or sacrificing credit quality."
Regards,
Ted
https://www.google.com/search?source=hp&ei=FYIPXfGHLsu8tgX6oKeQBw&q=Fed+signal+sends+advisers+into+fixed-income+scramble&oq=Fed+signal+sends+advisers+into+fixed-income+scramble&gs_l=psy-ab.3..33i160.2817.2817..4566...0.0..0.145.215.1j1......0....2j1..gws-wiz.....0.eEuCzAZTsA0
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