Think a Fed interest rate hike is off table? Think again, fund manager says

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The chance that the Federal Reserve will boost interest rates this year to limit inflation is higher than the near-zero level currently priced into the markets, said Jon Brager, a portfolio manager at Palmer Square Capital Management, a Kansas City-based firm that invests in floating rate corporate debt. Suggested Reading Gilead's new HIV med, a bird flu shot for chickens, and Hims does blood tests: Pharma news roundup Apple's new iPhone, Nvidia's new tool, and Palantir stock tanks: AI news

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