Money Life With Chuck Jaffe Daily Podcast

Eric Stein, chief investment officer at Voya Investment Management, says that  investors can expect interest rates — particularly on longer-term bonds — will keep rising, but those higher reates "will lead to lower rates because you will see a response on the demand side whether it's through the consumer or through the [capital expenditures] cycle." Stein says that if "demand destruction" doesn't slow the economy too much, recession remains avoidable, particularly in the muted economic cycles that the U.S. has been going through in recent years. In The NAVigator segment,  Bryce Doty, senior portfolio manager at Sit Investment Associates, also says that rates will be coming down, with his estimation being that it happens by the fall because "the worst is over as far as yields going up." Doty says that if oil prices stay below $110 per barrel, it's viewed as inflationary; above that level, "We have a problem, and so does the rest of the world." He says central banks will solve that problem by cutting rates to "