The US economy will be "problems" in achieving the goals outlined by the Federal Reserve, which makes raising interest rates in June nearly impossible, said bond guru Bill Gross yesterday.
A rapid return to normal rates of economic growth seems unlikely, and the factors leading to stagnation can not prove transient, yet share Gross. However, according to legendary investor, the Federal Reserve will take important steps to increase interest rates this year.
"I think the Fed will raise interest rates again this year, if only because they want to prove they can do it," added Gross. The manager of Janus Global Unconstrained Bond Fund, remains optimistic about growth in the US this year, his expectations are for growth of 2 to 3% and less development in the growth of jobs.
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