The IMF’s $3.8 trillion warning to the Fed

A rocky exit from low interest rates by the Federal Reserve risks $3.8 trillion of losses to global bond portfolios, the International Monetary Fund warned Wednesday in its latest global financial stability report. The IMF was at pains to emphasize that it’s not forecasting such losses, but it di…

See more here:
The IMF’s $3.8 trillion warning to the Fed