PIMCO's Gross: Fed to Keep Interest Rates Low for 2-3 Years

Filed under: Forecasts, Employees, Federal Reserve

Will mortgage rates, currently at/near generational lows, and bond rates, head lower in the quarters ahead?



That could be the case if one of the world's premiere rate experts is correct. PIMCO's Bill Gross said the U.S. Federal Reserve is unlikely to raise key, short-term interest rates for two to three years, Bloomberg News reported Friday.



"When you analyze that portion of the curve [ 2-year Treasury notes and longer], it says the Fed is on hold for a long, long time," Gross told Bloomberg News said Friday.

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PIMCO's Gross: Fed to Keep Interest Rates Low for 2-3 Years originally appeared on BloggingStocks on Fri, 06 Aug 2010 16:30:00 EST. Please see our terms for use of feeds.

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