“Portway Capital” : Fed Will Hold at 2.00%

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Portway Capital betting that Federal Reserve cannot cut rates.
Portway Capital is rumoured to be betting on the Federal Reserve holding the key federal funds rate steady at its policy meeting this week.
Sources close to Portway Capital speculated that the European-based asset manager expects the Fed won’t change the target rate until late this or early next year for fear of tipping the economy into a full-blown recession. Portway Capital has, over several years, secured impressive returns for its roster of institutional and private clients utilizing expertise within, amongst other disciplines, currency arbitrage and interest rate swaps. Speculation persists that Portway Financial believe that housing sector weakness, rising commodity prices and continuing subprime defaults will effectively limit Chairman Ben S. Bernanke’s options for longer than the Federal Reserve is prepared to admit.
Portway Capital, have rebuilt the model for conventional brokerages. In doing so they have ensured that it is easier for you to get smart and act smart by making your financial freedom our top priority.
(PressReleasePoint)