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

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

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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