Daily News: April 28, 2015

Survey: Interest Rates Won’t Rise Until September

According to 73% of 59 economists surveyed by Bloomberg News, the Fed’s long-awaited liftoff on its benchmark interest rate won’t happen until September.

Bloomberg noted that officials will try to spur inflations and hiring as the pace of economic growth slowed to its lowest level in a year.

Bloomberg also said economists were in agreement that the yield on U.S. 10-year Treasury notes will rise once the central bank starts raising rates.

To read the article, click here.