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H&W in the Media

Market Retreats as Strong Jobs Report Prompts Fears of Fed Action

“The Fed is not going to raise interest rates from zero to 5 percent overnight,” said Kevin Mahn, chief investment officer of Hennion & Walsh Asset Management.

Mr. Mahn says that investors should remember that if interest rates are going up, it is because the economy is getting stronger, and while rates may rise this year, they remain low by historical standards.

Click here to read the article at nytimes.com.