Money managers were disappointed after the U.S. Federal Reserve decided not to raise interest rates, reports

“It’s surprised people how dovish the Fed is,” says Tom O’Gorman, director of fixed income at Franklin Bissett Investment Management.

An especially “dovish wrinkle” in the announcement came in the Federal Open Market Committee’s projections, notes Robert Spector, institutional portfolio manager, MFS Investment Management.

For the whole story, visit

Also read:

Copyright © 2020 Transcontinental Media G.P. Originally published on

Join us on Twitter

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required