Gross Says Fed Won’t Raise Rate Based on Strong Jobs Report

  • Says U.S. economy isn’t as ‘hunky-dory’ as June number shows
  • He is shorting ‘artificially-priced’ high-yield bonds

Gross: Things Not as Hunky Dory as 287,000 Jobs Suggests

June’s strong job report probably won’t change the Federal Reserve’s decision on when to raise interest rates, said Bill Gross of Janus Capital Group Inc.

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