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Davos Billionaires Predict Low Interest Rates, Terrorism

Billionaires gathering at the World Economic Forum’s annual meeting this week in Davos, Switzerland, are worried about global terrorism, oil prices and Vladimir Putin’s stance on Ukraine. The one thing they agree on is that the Fed will keep interest rates at record lows.

About a half dozen of the wealthiest participants, including Irish telecommunications mogul Denis O’Brien and Italian shoe billionaire Mario Polegato, said the U.S. Federal Reserve won’t raise rates until the end of the year.