The Fed is expected to start cutting rates this year, and that could mean hundreds of billions of dollars of unrealized losses on low-interest bonds. CNBC's Hugh Son joins 'Squawk Box' with more.
Hugh Son is a reporter for CNBC, specializing in banks and the future of money. With 12 years of experience at Bloomberg, Hugh has a deep understanding of the financial industry and has covered a wide range of topics, including mergers and acquisitions, regulatory issues, and the impact of technology on the banking sector. His work has been featured in various publications, including RealClearMarkets, Kalgoorlie Miner, The West Australian, and ADAM BERG.