MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 22, 2013 Gross Looks in Crystal Ball, Predicts Fed Tapering in 2016 Oracle of the bond fund future, Pimco [profile] CEO Bill Gross, has changed his predictions for when the Fed tapering will begin from later this year to 2016 at the earliest, the WSJ's Garfield Reynolds reported. Reynolds writes that it's a fair assessment to make, given the fact that Fed Chairman Ben Bernanke said September was "way too early to make any judgement" about beginning tapering in September. The statement had a real affect on markets, giving Treasuries their biggest two-week gain in almost a year, Reynolds writes. Gross' optimism is timely, but is 2016 too optimistic? Only time will tell. To read more, click here. Printed from: MFWire.com/story.asp?s=45021 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |