“Momentum in Fed policy has a lot to do with people’s forward-looking rate expectations,” Hornbach said. “It’s one of these psychological phenomena where we look at what happened to us yesterday, and we think the next three years of our lives are going to be dictated by that.”
“Pushing above 3 percent would be a great opportunity for investors to put money to work,” he said on Bloomberg TV.
This article was provided by Bloomberg News.