Fed Tightening? Time to Change Your Financial Wardrobe
At first, it was tough to forgo almost all carbohydrates except those from vegetables … especially from a guy renowned for his pasta dishes. And my breakup with rice was especially poignant, given my love of South and Southeast Asian food. But I made the changes — and today I’m better for it. The Federal Reserve’s recent hawkish turn suggests a different kind of belt-tightening is just around the corner. Just as I had to give up some things to achieve the goal of a stable, healthy me, financial markets must make some changes if the Fed starts tightening interest rates. What are they likely to be, and how could they affect your portfolio?
