Investing heavyweights Pimco, Goldman Sachs and Blackrock are in a debate about coming interest rate rises in America.
Investing heavyweights Pimco, Goldman Sachs and Blackrock are in a debate about coming interest rate rises in America. Pimco recently released a report outlining an investment outlook Pimco calls the “new neutral” that suggests, going forward, rates will average about 2%, much lower than the 4% suggested by the Fed. The outlook has Pimco buying intermediate-dated bonds that Goldman Sachs and Black Rock have shunned. Goldman and Black Rock are trash-talking Pimco as a result.
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For more Newswire stories:
Canada's Economy: Headed towards Crisis or Superstar Status?
Suitability review finds room for improvement: FSCO
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Capital markets, wealth management growth helps push Scotiabank profit to $1.8-billion
Abolishing inter-provincial barriers is the right step for Canada
Canada’s ‘hidden gems’ competitive in five key industries
Brian Mulroney to become new chairman of Quebecor
City of Calgary careless with tax dollars
