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Tuesday, June 21, 2005

Gross: Fed May Cut Rates By Year-End

The Big Picture writes:
Dow Jones is reporting that PIMCO's Bill Gross sees the Fed pausing at 3.5% by August. He is looking US GDP Growth at 2%-3% in the next 6 months.

Even more interesting, Gross notes the Fed may cut rates by year-end.
Read further:
The Big Picture: Gross: Fed May Cut Rates By Year-End


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