Gross Says 100% Certain of December Rate Hike as Jobs Surge
- Janus fund shorts bonds, goes into negative duration
- Manager says not to invest in stocks, high-yield bonds
Bill Gross: Fed Wants to Make Sure Markets Are Prepared
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Bill Gross said there is a “100 percent chance” the Federal Reserve will raise interest rates in December after jobs surged.
“They are ready to go,” Gross said in an with Tom Keene and Michael Mckee of Bloomberg Radio after the Labor Department reported that the U.S. economy added a better-than-expected 271,000 jobs in October and wages rose the most in more than six years.