CVC Marathon's Richards Says Equities Can Absorb 25 Bps Fed Hike (Correct)
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Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Bruce Richards, managing partner and head of CVC Marathon. "The consumer is doing well, corporate earnings are doing well, the economy is doing well," Richards says on Bloomberg Television. (Corrects guest's company name and title.)
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