Advisor: Prepare Clients for Rates to go ‘A Lot Higher’

Clients should be prepared for more stock market losses in the short term.

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Ryan Belanger, managing principal and founder of Claro Advisors, said “interest rates have to go a lot higher” for the Federal Reserve to tame inflation, adding that he believed the U.S. central bank will raise the benchmark overnight rate “closer to 4% by the end of the year.”

This video was provided by Reuters.

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