Fed Keeps Rates Steady and Says Labor Market is Improving Reviewed by Momizat on . Rate Hike Pause is Good News for Leveraged Closed-End Funds The Federal Reserve held steady on interest rates last week, not long after Fed chief Janet Yellen i Rate Hike Pause is Good News for Leveraged Closed-End Funds The Federal Reserve held steady on interest rates last week, not long after Fed chief Janet Yellen i Rating: 0
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Fed Keeps Rates Steady and Says Labor Market is Improving

interest-ratesRate Hike Pause is Good News for Leveraged Closed-End Funds

The Federal Reserve held steady on interest rates last week, not long after Fed chief Janet Yellen indicated officials would “proceed cautiously.”  This could benefit leveraged closed-end funds.  These funds tend to be more volatile than other financial products, Binyamin Appelbaum explains, but they may be a smart investment for people with a long-term focus.

To read the full article in The New York Times, click: Fed Keeps Rates Steady and Says Labor Market Is Improving.

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