With the September jobs report blowing past expectations, there is concern that the Fed will choose to hike interest rates. Bryce Doty, Sit Investment Associates Fixed Income Senior Portfolio Manager and Senior VP, joins Yahoo Finance Live to weigh in on the Fed’s monetary policy approach. Doty notes that rate hikes could harm companies' inventory and revenue, making it "more difficult and expensive to hire people." "The Fed is trying to fix a fiscal problem using monetary policy," Doty says, while also reacting to Bank of America’s Michael Hartnett forecasts on the bond market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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