Mon, 9 Jun 2014
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During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
As inflation, production, and housing statistics waffled this week, the Fed will maintain a long-term measured view and continue rolling up bond purchases.
Discussion of the Fed's lending rate should take a back seat to more important economic movers, such as improving homebuying conditions and bank capital levels.
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