Press Release Summary: Portway Capital betting that Federal Reserve cannot cut rates.
Press Release Body: Portway Capital is rumored 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
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2022
