Economics
Gross Says September Rate Hike a Go as Pimco Warns Not So Fast
- Labor data won’t push Fed to move this month: Pimco’s Mather
- El-Erian says jobs report puts Fed in ‘really tricky position’
Gross: Sept. Fed Move 'Close to 100%' After Jobs Report
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Bill Gross says August’s jobs data ensure the Federal Reserve will raise interest rates this month. Pacific Investment Management Co., his former firm, says the central bank will wait. Bond traders are on the fence.
"September is on -- I don’t think it’s 100 percent on, but I think it’s close to 100 percent," Gross, manager of the Janus Global Unconstrained Bond Fund, said in an with Bloomberg Radio. "If these types of jobs don’t do it, I’m not quite sure what does."