Market expectations that interest rates will remain on hold following cautiously upbeat comments on ...
Market expectations that interest rates will remain on hold following cautiously upbeat comments on the US economy from Alan Greenspan, the Federal Reserve chairman, provide little direction for the bond market. John McNeill, investment manager, fixed interest at Britannic, says following Greenspan's speech, the market now feels that interest rates will remain low in the foreseeable future. McNeill said provided economic improvements continued and inflation remained low, there would be no pressure on the Fed to increase interest rates. "However we expect that after we ...
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