PIMCO’s Gross Sees Fed Funds Rate on Hold Until 2016

PIMCO’s Bill Gross joined Bloomberg Television’s Erik Schatzker and Sara Eisen on “Market Makers” yesterday and said: There is an 80 percent probability that the central bank will begin tapering its bond-buying program in September. He went on to say, that the Fed will rely on forward guidance rather than asset purchases more going forward. [...] View the full post at: PIMCO’s Gross Sees Fed Funds Rate on Hold Until 2016 Related posts: Pimco’s Gross Urges Fed to Take Dramatic Measures to Unclogg Credit Markets Pimco’s Bill Gross is Still Downbeat Fed Funds Rate: Looking At Zero