Bill Gross: Disinflation may stop Fed from 2015 rate hike

Bill Grosshe Federal Reserve might hold back from hiking interest rates in 2015 because of a lack of inflation, said bond guru Bill Gross in a CNBC interview on Monday. When asked if the U.S. central bank will raise rates next year, Gross refused to say “yes” or “no,” instead just saying “close.” He added: “Why would the Federal Reserve raise interest rates in order to slow economic growth if inflation in fact was moving lower?” Gross, the Pimco founder who made a much-discussed move in September to Janus Capital JNS, -0.60% said the market isn’t respecting the inflation part of the Fed’s mandate.

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