Bill Gross: Why bond markets need to be smarter than first graders

March 30, 2016 6:50 PM

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Given massive monetary stimulus, Gross said nominal gross domestic product growth rates for the U.S. should be between 4 and 5 percent by 2017 while that for the euro zone should be between 2 and 3 percent, respectively, Reuters reported.

On Monday, the Federal Reserve Bank of Atlanta's GDPNow model predicted U.S. growth at a 0.6 percent pace in the first quarter, marked down from an earlier estimate of 1.4 percent.

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