It has taken a decade since Lehman Brothers went bust for US real interest rates to return to positive territory, writes Jim Leaviss, head of fixed interest for M&G's mutual fund range.
Following the Federal Reserve's hike last month from 2% to 2.25%, the rate is now just above the central bank's preferred inflation gauge, the Personal Consumption Expenditure index, currently at 2.1%....
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Ex-Standard life manager Angela Burns
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