This $942 Billion Fund Just Removed the Fed From List of Risks
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Northern Trust’s Jim McDonald sees two rate hikes from Fed
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Fed not going to raise rates too rapidly, McDonald says
For all the worry and deliberation over U.S. monetary policy, there’s one big asset manager who thinks it’s all smoke and mirrors.
Northern Trust Corp. removed the Federal Reserve from its list of investment risks this month, says Jim McDonald, the firm’s chief investment strategist. Up until as recently as January, the Chicago-based asset manager which controls $942 billion counted U.S. monetary policy as a key risk when deciding where and when to buy and sell securities.
“The odds of a big negative surprise affecting the markets out of the Fed over the next 12 months just aren’t there anymore,” McDonald said in an interview in Sydney. “It’s well understood and is well priced into the market.”…
This $942 Billion Fund Just Removed the Fed From List of Risks
