Gross Raises U.S. Economic Growth Forecast to 3% in 2013
Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said gross domestic product in the U.S. may expand 3 percent this year, an increase from his firm’s most recent growth estimate of less than 2 percent.Here's the yield on the 10-year, has Mr. Gross been selling?:
The U.S. is “moving towards a 3 percent real GDP growth rate” this year, and a nominal growth rate of 5 percent, Gross said today in an interview with Tom Keene on “Bloomberg Surveillance”. Pimco said in December that the U.S. would grow between 1.25 percent and 1.75 percent in 2013....MORE
