3.5% ASAP
July 11, 2022
Curveball
July 14, 2022
A version of this article was previously published in Bloomberg
ByYe Xie
July 11, 2022
Fed can raise rates to 3.5% as soon as possible, Gross says.
Former bond king has been urging more caution in investing.
Bill Gross has one piece of advice for those looking to buy dips in bonds, stocks and commodities: just don’t.
The former bond king said one-year Treasury bills are a better alternative to almost any other investments, as the Federal Reserve’s interest-rate hikes lead to a “strong” possibility of recession. Gross, co-founder of bond powerhouse Pacific Investment Management Co., has been urging investors to take a cautious stance since the start of the year, a call proven prescient as stocks and fixed-income…
