What higher interest rates mean for your money

Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps with inflation remaining well…

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Rate uncertainty sparking demand for CLO exposure among ETFs: VettaFi

Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi’s Todd Rosenbluth suggests there’s investor demand for the alternative assets due to ongoing interest rate uncertainty. “[CLOs have] been popular within the marketplace,” the firm’s head of research told CNBC’s “ETF Edge” this week. CLOs are short-term fixed income strategies…

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