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Pimco’s Gross Says Fed Will Tighten Policy In 2016 At Earliest

Tuesday, July 23, 2013 - 6:31 PM
From Bloomberg
Pacific Investment Management Co.’s Bill Gross said he expects the Federal Reserve won’t tighten monetary policy until 2016 at the earliest.

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3
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,633
1. Tuesday, July 23, 2013 - 9:22 PM
He's probably right. After all, Bill Gross a few years back, predicted a decades worth of punishment for savers. I myself predicted historical low rates past that.  That's why I went long on CD rates for a portion of my portfolio in 2009, even out to 7-year maturities.
2
ShorebreakShorebreak2,675 posts since
Apr 6, 2010
Rep Points: 14,523
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