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Market says it's a 'one and done' for the Fed until late 2016
Published Thu, Sep 3, 2015 · 09:50 PM
New York
BOND guru Bill Gross says if the Federal Reserve raises interest rates in September, policy makers are increasingly likely to wait at least six months before a second hike. Market measures indicate the wait may be twice as long.
Money-market derivatives indicate the federal funds rate will average 0.60 per cent a year from now.…
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