July 30, 2015
Bill Gross says Fed recognizing zero percent rates causing harm to U.S.
What was equally troubling, Gross said, is that because double-B and single-B rated and in some cases triple-C rated companies have been able to borrow at less than 5 percent, "a host of zombie and future zombie corporations now roam the real economy."
FOMC Statement: 25bp Rate Cut
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Fed Chair Powell press conference video here or on YouTube here, starting
at 2:30 PM ET.
FOMC Statement:
Available indicators suggest that economic activ...
3 hours ago
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