The Fed says the recent rate hike might be symbolic. Mario Gabelli, GAMCO Investors; Ken Volpert, Vanguard Principal; and Jim Bianco, Bianco Research were interviewed by CNBC on the implication of the this move to the mortgage rate, economy and stock market.
Mario Gabelli recommended buying Millicom International Cellular (MICC) and National Fuel Gas (NFG) at about 8' into the video.
Mario Gabelli recommended buying Millicom International Cellular (MICC) and National Fuel Gas (NFG) at about 8' into the video.