Win McNamee/Getty ImagesIn the run-up to Wednesday’s policy announcement by the Federal Reserve, SEI, an overseer of $1.3 trillion in assets, sees a likelihood that the central bank’s hiking cycle will end at a level that leaves interest rates twice as high as they are now. The Oaks, Pennsylvania-based firm sees a “reasonable base case” that the level at which Fed officials will stop hiking rates is between 4.5% to 5%, according to chief market strategist Jim Solloway. That’s double the...
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