Subprime Lenders Up on Hope Fed's Done

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015412-subprime-lenders-up-on-hope-feds-done/

By Jon D. Markman, RealMoney.com

Financial speculators are beating their tom-toms with special enthusiasm today over the possibility that the unexpectedly harsh effects of Hurricane Katrina will lead the Federal Reserve to pause its campaign of hiking interest rates.

In an interview on CNBC, portfolio manager Paul McCulley, who helps Bill Gross steer tens of billions of dollars worth of bond bets at Pimco, called Fed action “finished.”

For this complete story, please visit Subprime Lenders Up on Hope Fed’s Done.

Subprime Lenders Up on Hope Fed's Done

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About