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PIMCO says first Fed rate hike may not happen till 2016

Frik Els | August 25, 2013 | 4:54 pm Energy Precious Metals Gold 

Tony Crescenzi, VP and market strategist at PIMCO, argues in the latest missive from the the world's largest money manager that the bond market has run way ahead of US monetary policy. PIMCO boasts an astonishing $2 trillion of assets...

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