Bill Gross Says Tough Time for Bonds If Fed Relies on Jobs
- Bonds will have "sad period" if Fed raises four times, he says
- Gross's Janus Global bond fund gains 0.2% in last 12 months
Does Jobs Report Confirm Janet Yellen's Action?
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Bill Gross says bonds will have a tough period ahead if the Federal Reserve relies on job growth as a critical measure for raising interest rates.
After a Labor Department report today showed that payroll growth surged in December to 292,000, Gross said it appears that the Fed is on track to raise rates three or four times this year, based on statements from policy makers.