Investments

PimcoÕ Gross: Expect low interest rates for years to come

According to Bill Gross, manager of Pimco's bond fund, the global economy may be facing low interest rate policies for decades to come. He says investors should "bet against" expectations that the federal funds rate will rise by one percentage point within the next two years. Per Reuters:

"The U.S. (and global economy) may have to get used to financially repressive – and therefore low policy rates – for decades to come," wrote Gross, a co-founder and co-chief investment officer at Pimco, whose flagship Pimco Total Return Fund has roughly $251 billion in assets.

"Right now the market (and the Fed forecasts) expects fed funds to be 1 percent higher by late 2015 and 1 percent higher still by December 2016. Bet against that," he wrote.

Latest Articles

Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

.Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please