Are Rate Hikes Pushing Markets to Breaking Point?

<p>After another roller coaster week in the markets, Kathy Jones, Schwab's chief fixed income strategist, joins the podcast to talk about how the Fed's aggressive rate hikes are impacting the bond market, the dollar, and the global economy. She shares her thoughts on the bond market's influence on the stock market, the bond crisis in the U.K., and the impact of a strong dollar on U.S. consumers, multinational companies, and the economies of emerging-market countries. Kathy also reminds investors of the four reasons why bonds can play an important role in a diversified portfolio during these volatile times.</p><p>Additionally, host Mike Townsend provides updates on Congress avoiding a government shutdown—for now—as well as a new IRS ruling that will come as a relief to anyone who has recently inherited an IRA. He also provides his perspective on key races to watch in next month's midterm elections and why the impending debt ceiling crisis is going to be a big concern for the markets next year.</p><p><i>WashingtonWise </i>is an original podcast for investors from <a href="https://www.schwab.com">Charles Schwab</a>. For more on the series, visit <a href="https://www.schwab.com/washingtonwise">Schwab.com/WashingtonWise</a>.</p><p>If you enjoy the show, please leave a ★★★★★ rating or review on <a href="http://getpodcast.reviews/id/1478013779">Apple Podcasts</a>. </p><p><strong>Important Disclosures</strong></p><p>The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.</p><p>The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. </p><p>All expressions of opinion are subject to change without notice in rea