Pimco's Mather says firm expects Fed to begin raising rates in September

June 10, 2015 2:43 PM

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June 10 Pimco expects the U.S. Federal Reserve to begin raising interest rates later this summer, most likely September, which could be the start of a multiyear normalization process, said Scott Mather, chief investment officer of the firm's U.S. core strategies, in a report on Wednesday.

Pimco said the firm believes that the "extraordinary policy response of the past few years could result in more inflation than expected."

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