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US bonds just got rosier with Fed deciding against rate hike

Top investors believe bonds will stay in demand as traders bet inflation will remain below 2% for years to come

New York

BEING bullish on the US bond market just got a lot easier. Not only did the Federal Reserve hold the line on interest rates last week, central bank officials yet again cut their forecasts for how high borrowing costs need to rise over coming years. For the first time, they also