NORTHERN TRUST SPONSORED RESEARCH

The Specter of Rising Interest Rates

After the 2008 financial crisis, global central banks flooded the financial markets with liquidity to restore stability and set the stage for economic recovery. But these actions also raised investor concerns about inflation and fixed income investments. In the accompanying paper, “The Specter of Rising Interest Rates,” Northern Trust’s Jim McDonald discusses the current situation and explains why he thinks the risk of owning fixed income might be lower than some investors believe.

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