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PIMCO: "The FOMC has essentially locked itself into a December hike"

Discussion in 'Fundamental Analysis' started by ForexLive, Nov 19, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Pacific Investment Management Company (PIMCO) is chuffed over the FOMC Minutes it has taken 18 months, but the minutes released today make clear that the Fed has now converged to PIMCO's view, first developed at our May 2014 Secular Forum and revisited at the May 2015 Secular Forum, that monetary policy will be operating according to a new paradigm for the neutral policy rate for at least the next three to five years. We call this The New Neutral.

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