The Storm Before The Calm

Main content

CNBC Squawk Box

Uncertainty about rising interest rates has upset markets, but we see this as a passing storm: in our view, the Federal Reserve successfully has unwound its accommodative policy and set the stage for future calm. Seven interest-rate increases in 18 months “ripped the Band-Aid off,” but coincided with one of the greatest economic booms seen in 30 years: record employment, record corporate earnings and record prosperity. After the market surged to record highs last year, we are off on average a few percentage points — big deal, get over it.

Checkout Doug Coté, Chief Market Strategist discuss his 2019 Outlook on CNBC Squawk Box this morning!

Footer content