(Bloomberg) -- Bill Gross, manager of the world's
biggest bond fund, is sticking with his forecast for the Federal
Reserve to lower interest rates in a ``schizophrenic'' market.
The central bank will keep its target rate for overnight
loans between banks at 5.25 percent until a housing led slowdown
will drop inflation below 2 percent, Gross said today in an
interview in New York.
Read more at Bloomberg Bonds News
biggest bond fund, is sticking with his forecast for the Federal
Reserve to lower interest rates in a ``schizophrenic'' market.
The central bank will keep its target rate for overnight
loans between banks at 5.25 percent until a housing led slowdown
will drop inflation below 2 percent, Gross said today in an
interview in New York.
Read more at Bloomberg Bonds News
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