Almost everyone on Wall Street is now expecting the Federal Reserve to begin its next tightening cycle sometime in the next few months. For investors worried about the type of impact that rising rates could have on their portfolios, a new report by A.B. Bernstein analyst Hugh Wynne addressed those concerns and discussed how utility stocks will be affected.
Where Are Rates Headed?
According to Wynne, consensus forecasts for U.S. Treasury rates over the next year are calling for a 0.75 percent rate increase. However, Bernstein is skeptical that treasuries will make that strong of a move.
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