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Pimco's Fels sees U.S. stuck in 'new neutral' of low rates as fear vanishes

NEW YORK (Reuters) – A top economist at Pacific Investment Management Co on Tuesday said global markets are stuck in a low interest rate environment that has siphoned fear from investors who may be ill-prepared for when the market environment next heads south.

Joachim Fels, Managing Director at PIMCO, speaks during the Reuters Global Investment Outlook Summit in New York, U.S., November 14, 2017. REUTERS/Mike SegarReuters: Money

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