FYI: Bill Gross says investors who are fretting over the flattening U.S. yield curve are focusing on the wrong thing.
It’s more important to pay attention to the Federal Reserve’s short-term interest rate target, which is currently 1 percent to 1.25 percent, he said in an email to Bloomberg on Wednesday. The U.S. central bank is widely expected to raise it by a quarter-point at its policy meeting next week and Wall Street strategists are beginning to ramp up their forecasts for further hikes. Some are calling for as many as four more moves in 2018.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-12-06/bill-gross-draws-red-line-at-2-fed-funds-rate-as-curve-flattens
