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Market Extra: Guggenheim’s Minerd says despite yield-curve inversion, Fed won’t be able to resist urge to raise rates in 2019

Never mind the alarm bell sounded by one of Wall Street’s most accurate recession indicators, Scott Minerd of Guggenheim Partners says the Federal Reserve will revert to its old hawkish ways before the end of 2019.

“The rate declines are starting to feed back into the real economy and ultimately, the economy is going to reaccelerate and that’s going to continue to drive job growth, which will eventually spill into third or fourth quarter [economic growth],” he told MarketWatch during a phone interview on Friday.

“For that reason, the Fed will find itself raising rates before the end of the year,” he said.

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