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Markets

Marathon's Richards Says Equities Can Absorb 25 Bps Fed Hike

Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Marathon Asset Management CEO Bruce Richards. "The consumer is doing well, corporate earnings are doi...

Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Marathon Asset Management CEO Bruce Richards. "T

he consumer is doing well, corporate earnings are doing well, the economy is doing well," Richards says on Bloomberg Television. (Source: Bloomberg)

SOURCE: Bloomberg Markets
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