Stretch: September Rate Hike More Likely Than December
Bill Gross is recommending the Federal Reserve raise interest rates twice by as early as March. The market doesn’t expect that degree of monetary tightening even by the end of 2017. Speaking in an interview on Bloomberg Television, the billionaire manager of the Janus Global Unconstrained Bond Fund called for the first hike at the Sept. 20-21 Federal Open Market Committee meeting. Canadian Imperial Bank of Commerce Head of FX Strategy Jeremy Stretch discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."