The Traderszone Network

Published in TZ Latest News 19 August, 2014 by The TZ Newswire Staff

For the Fed’s interest rates, low Is the new status quo

It is time to get used to near-zero savings-account interest rates and 10-year bond yields that don’t get much higher than 3%. Yes, the Federal Reserve is preparing to raise rates as soon as next spring. Scott Mather, deputy chief investment officer at bond fund manager Pacific Investment Management Corp., which has $2 trillion in assets under management, says the eventual resting point for rates will be much lower and “the Fed will take a lot longer to get there than in previous cycles.