Fed may tighten in second half 2020 if inflation quickens - Guggenheim CIO Minerd
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(Reuters) - The U.S. Federal Reserve could tighten monetary policy as soon as the second half of 2020, provided inflation even modestly picks up, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday.Minerd said he expects the U.S. yield curve to steepen if economic growth beats expectations, and believes fixed income securities outside the respective benchmark could provide on average up to 100 basis points in incremental yield this year.Minerd, whose firm manages..