Nostradamus confidently predicted that the world would end (again) on American Independence Day. Pre...
Nostradamus confidently predicted that the world would end (again) on American Independence Day. Presumably the Federal Reserve had this in mind as they made sure its eagerly awaited decision on US interest rates was announced in plenty of time for this auspicious day. Bond investors have taken fright at the continuing juggernaut that is the US economy and the spotlight has shifted from the fixed interest investors' traditional bte noire of inflation to growth. With the US likely to expand by around 4% this year and the stock market making new highs, the bond market is worried that the Fed...
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