Transcript of the podcast:
After you listen
After another roller coaster week in the markets, Kathy Jones, Schwab's chief fixed income strategist, joins the podcast to talk about how the Fed's aggressive rate hikes are impacting the bond market, the dollar, and the global economy. She shares her thoughts on the bond market's influence on the stock market, the bond crisis in the U.K., and the impact of a strong dollar on U.S. consumers, multinational companies, and the economies of emerging-market countries. Kathy also reminds investors of the four reasons why bonds can play an important role in a diversified portfolio during these volatile times.
Additionally, host Mike Townsend provides updates on Congress avoiding a government shutdown—for now—as well as a new IRS ruling that will come as a relief to anyone who has recently inherited an IRA. He also provides his perspective on key races to watch in next month's midterm elections and why the impending debt ceiling crisis is going to be a big concern for the markets next year.
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