Interest Rates Hikes Are Likely — What To Do Now

Hopes for lower interest rates are fading fast, putting renewed pressure on bond prices — and fixed-income investors’ portfolios. Wall Street is now pricing in Federal Reserve rate hikes this year. Blame a resurgent job market and sticky inflation. Also at fault: Inflation is persistent due to spiking gas prices caused by the U.S. war with Iran. There’s a 38%…