If The Fed Doesn't Raise Rates In December, Bill Gross Will Change His Name To 'Pimco Rocks'
Or, 'Pimco Is The Greatest Investment Management Firm In The World' if you're not one for brevity.
Bill Gross said there is a “100 percent chance” the Federal Reserve will raise interest rates in December after jobs surged. “They are ready to go,” Gross said in an interview with Tom Keene and Michael Mckee of Bloomberg Radio after the Labor Department reported that the U.S. economy added a better-than-expected 271,000 jobs in October and wages rose the most in more than six years. [Bloomberg, related]
