Further US interest rate cuts expected this month

Further US interest rate cuts are anticipated this month in the wake of recent comments from the cha...

Further US interest rate cuts are anticipated this month in the wake of recent comments from the chairman of the Federal Reserve regarding the risks to growth posed by the uncertain economic outlook in the US. Mike Lenhoff, chief portfolio strategist at Gerrard, believes that as long as the US economy remains weak, the bond market is unlikely to soften by much. If anything, he says, yields will remain under downward pressure now that oil prices are under the cosh. Lenhoff says conditions in manufacturing are unlikely to change until inventory sales ratios are lower. It is only at this ...