Pimco forecasts US rates of 3.75% (eFinancial News)
Story date: 2007-10-02 05:55:05
Added on: 2007-10-02 11:00:14
The downward path of US house prices and the unwind of related derivatives will dominate US Federal Reserve policy for several years, according to Bill Gross, chief investment officer of US bond manager Pimco, who believes interest rates will decline by a further one percentage point.
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