Bill Gross says the Federal Reserve will raise interest rates in June. David Rosenberg says it may not happen until next year.
It’s the biggest question in the financial markets: When will the Fed move? U.S. stocks are surging to records as benchmark borrowing costs near zero drive the hunt for returns outside government debt. Treasury 10-year note yields rose for a second day as Actavis Plc sells bonds in what may be the biggest corporate debt deal in two years.