September or Not, Market Says Fed's One-and-Done Until Late 2016

Updated on
  • Swaps show even Bill Gross overestimates central-bank plans
  • Federal fund rate climb projected to follow gradual path

Fed Rate Hike: A Change of Plans?

Bill Gross says if the Federal Reserve raises interest rates in September, policy makers are increasingly likely to wait at least six months before a second hike. Market measures indicate the wait may be twice that long.

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