All year long, we’ve been waiting for our favorite high-yield investments, 8%+ yielding closed-end funds (CEFs), to jump, along with the rest of the market.
Now, nearly nine months in, we’re still waiting! It’s not surprising: the income-focused investors who buy these funds are typically a cautious bunch.
But a fresh report from the Federal Reserve Bank of Chicago is a sign the CEF train could be about to leave the station. The report in question is the September Chicago Fed Letter. Here are the three key forecasts it makes…
This post appeared at Dividend Stocks Research.