Jrage 1st Gear July 10, 2012 Share July 10, 2012 http://www.dailymail.co.uk/news/article-21...e-low-2015.html http://www.businesstimes.com.sg/premium/ec...s-low-till-2015 Published July 10, 2012 Fed seen holding rates low till 2015 [sINGAPORE] Goldman Sachs Group and Bank of America say a weaker-than-forecast June jobs gain in the US will lead the Federal Reserve to keep its benchmark interest rate at almost zero until mid-2015. The Fed, which has pledged to hold the rate low through at least late 2014, will amend its so-called forward guidance before deciding on a new round of bond purchases, according to the companies. Goldman and BofA are two of the 21 primary dealers that trade directly with the central bank. "The 'late 2014' formulation has now 'aged' by six months since it was first adopted, but the economy still looks no better," Jan Hatzius, chief economist at Goldman Sachs in New York, wrote in a report Sunday. The central bank may announce the change as soon as its next policy meeting July 31 to Aug 1, Mr Hatzius wrote. Chairman Ben Bernanke faces jobs growth that slowed in the second quarter to one-third the pace of the prior three months. The gain in June was 80,000, the government reported July 6, versus 100,000 projected by a Bloomberg News survey of economists. Mr Bernanke hasn't ruled out more bond purchases, and said June 20 that more easing probably will be needed unless there is "sustained improvement in the labour market". ↡ Advertisement Link to post Share on other sites More sharing options...
Jrage 1st Gear July 10, 2012 Author Share July 10, 2012 Look like inflation is going to stay high for the next few yrs. And the promise of interest rate staying low till 2015 is going to drive the pte property mkt higher in the next few mths. Cant say the same with public ones because of increasing number of bto and the fact that 1 family can only have 1. Link to post Share on other sites More sharing options...
Bigmatt140 Neutral Newbie July 10, 2012 Share July 10, 2012 i agree. I have a very reliable and trusted "insider" news that interest rates will not move up for the next 2 years. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 10, 2012 Share July 10, 2012 Great...just nice for me to take a loan to buy Hillier. Link to post Share on other sites More sharing options...
HP_Lee 5th Gear July 10, 2012 Share July 10, 2012 i agree. I have a very reliable and trusted "insider" news that interest rates will not move up for the next 2 years. FED says that. It's a public already, since last year. Link to post Share on other sites More sharing options...
Jrage 1st Gear July 10, 2012 Author Share July 10, 2012 Last year, Fed only committed to low interest rate till 2014. Yesterday news is till 2015. It a new news. :) Link to post Share on other sites More sharing options...
Old-driver 5th Gear July 10, 2012 Share July 10, 2012 Look like inflation is going to stay high for the next few yrs. And the promise of interest rate staying low till 2015 is going to drive the pte property mkt higher in the next few mths. Cant say the same with public ones because of increasing number of bto and the fact that 1 family can only have 1. With this, prices will come crumbling down when it reaches this peak peak cycle and interest rates creep up up ↡ Advertisement Link to post Share on other sites More sharing options...
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