It's all we seem to think about these days. When will Janet Yellen do it? If she orders a Cobb Salad at Jackson Hole, does that mean she's raising? If she orders a Waldorf Salad, does that mean she's sitting put?
And why in the name of all that is good and holy won't she order The Wedge? Who doesn't like a good Wedge?
But some of us are less filled with doubt and questions. Take for instance, our old pal - and wannabe backseat Romeo - Bill Gross:
"September is on -- I don’t think it’s 100 percent on, but I think it’s close to 100 percent," Gross, manager of the Janus Global Unconstrained Bond Fund, said in an interview with Bloomberg Radio. "If these types of jobs don’t do it, I’m not quite sure what does."
Gross hasn't been as sure as anything since that time he described how babies were made using sperm and stuff. Who would dare disagree with Bill?
“It’s kind of a weak report across the board, so it doesn’t change the view we’ve had that September is very unlikely,” Scott Mather, chief investment officer of U.S. core strategies and a managing director at Pimco, said in a Bloomberg Radio interview. “But then of course that makes December much more likely after that.”
Oh, but of course.
Isn't it crazy to think that PIMCO and Bill Gross were once one and the same. You couldn't get one with the oooooother. But now they can't agree on anything. Not rate hikes, not whether or not Mo El-Erian sucks so hard, not even how Bill Gross came to leave PIMCO.
Happy Labor Day!