Bill Gross: Disinflation may stop Fed from 2015 rate hike
MARKETWATCH 3:05 PM ET 12/15/14
Symbol Last Price Change JNS 15.07up -0.2 (-1.31%) QUOTES AS OF 03:05:37 PM ET 12/15/2014
The Federal Reserve might hold back from hiking interest rates in 2015 because of a lack of inflation, said bond guru Bill Gross in a CNBC interview on Monday. When asked to say whether or not the U.S. central bank will raise rates, Gross refused to say "yes" or "no," instead just saying "close." He added: "Why would the Federal Reserve raise interest rates in order to slow economic growth if inflation in fact was moving lower?" Gross, the Pimco founder who made a much- discussed move in September to Janus Capital(JNS) , said the market isn't respecting the inflation part of the Fed's mandate.
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