Mon, 09 Jul 2012 10:14:52 GMT
Goldman Sachs and Bank of America tells Fed is likely to keep rate low until 2015
Lower-than-expected number of new jobs in June will force the Federal Reserve System to hold its benchmark interest rate close to zero till the second half of 2015, said Goldman Sachs Group Inc. and Bank of America Corp.,
two of the 21 biggest central bank's dealers. According to Goldman
Sachs' chief economist, Jan Hatzius, Fed's earlier commitment to keep the