Sierra’s CIO, James St. Aubin, Talks Rising Inflation on the Wall Street Journal (Article 3/9/2023)
Investors are looking for clarity after recent data surprises.
Families are flush with cash, so higher interest rates have done less to deter them from spending than if they had been funding their purchases with credit-card debt, said James St. Aubin, chief financial officer at Sierra Mutual Funds.
“That slows down the impact of raising the cost of money,” Mr. St. Aubin said. “It could take 12 to 18 months for the full effect of a given Fed rate increase to hit the economy.”
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