Ariel Funds: Interest Rates Are Gravity That Pulls Stocks Down

Charles Bobrinskoy on what to expect from interest rate changes

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Sep 21, 2016
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Charles Bobrinskoy of Ariel Investments, the firm founded by John Rogers (Trades, Portfolio), spoke to CNBC about his views on interest rates. Bobrinksoy doesn't expect the Fed to raise rates tomorrow but says it will eventually. High rates have unintended consequences and harm savers, Bobrinksoy also said.