A Fed rate hike tomorrow would further validate RenMacLLC’s rate outlook, Sonali Basak says. The firm had previously called a 50-basis-point cut that at first l

A Fed rate hike tomorrow would further validate RenMacLLC’s rate outlook, Sonali Basak says. The firm had previously called a 50-basis-point cut that at first looked aggressive, while Basak also flagged the 10-year yield pushing to a 12-month high.