US Federal Reserve is ‘pretty trigger-happy’ with its rates

The Switzer Report founder Peter Switzer says the US Federal Reserve is “pretty trigger-happy” with its price rises.

“Everyone has basically gone for a debt protection position in the US, the Fed is still pretty trigger-happy when it comes to rates, we’ve seen rising bond yields,” he advised Sky News Australia.

“Part of that is because the US economy is not looking all that slow at the moment, so you put it all together as a good reason for a lot of profit-takers, they’re getting there and take profits.”