UPDATE 1-PIMCO's Gross: US recession probably started in Dec 07
Story date: 2008-01-22 01:08:00
Added on: 2008-01-22 15:00:29
Reuters - Gross added that the Fed needs to bring 30-year U.S. mortgage rates down to between 4 percent and 4.5 percent but said that will be tricky to achieve with a funds rate at 2.5 percent. "That's going to be a very difficult task with 2.5 percent fed ...
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