Kathy Jones is Managing Director and Chief Fixed Income Strategist for the Schwab Center for Financial Research. She is responsible for interest rate and currency analysis as well as fixed income education for Schwab clients and the public.
Prior to joining Schwab in 2011, Kathy was a fixed income strategist at Morgan Stanley, where she specialized in global macro-strategy covering domestic and international bonds and foreign exchange. She has also been a consultant in the alternative investment area and previously served as executive vice president of the Debt Capital Markets division of Prudential Securities.
Kathy has analyzed global bond, foreign currency, and commodity markets extensively throughout her career as an investment analyst and strategist, working with both institutional and retail clients. She makes regular broadcast appearances on Bloomberg TV, Yahoo Finance, and CNBC and is often quoted by The Wall Street Journal, The New York Times, Financial Times, and Reuters.
The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.
MBA, Finance, Kellogg Graduate School of Management, Northwestern University
BA with Honors, English literature, Northwestern University
The Federal Reserve's latest decision suggests that policymakers are encouraged by lower inflation and may pivot to rate cuts in 2024.
Although some volatility may continue, we believe interest rates have peaked. We expect lower Treasury yields and positive returns for investors in 2024.
Expectations of "higher for longer" U.S. interest rates has helped drive the dollar's recent rally.
The September Federal Reserve meeting provided few surprises, but ongoing uncertainty about the Fed's next move may mean more volatility ahead.
The surprise move takes the rating to AA+ from AAA.
In a unanimous decision, Federal Reserve policymakers raised the federal funds rate to 5.5%, the highest point since 2001.
The situation may relieve some pressure on the Federal Reserve, possibly leading to a pause or slowing in its current rate-hike cycle.
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