The Fed released a hawkish statement on Wednesday, but it’s doubtful the central bank will ultimately be able to reach its goal, Bill Gross told CNBC.- The Fed is maintaining its projection for a federal funds rate at 2.1 percent in 2018, according to the chart that has become known as the “dot plot.”
- He thinks the fed funds rate can go no higher than 1.5 to 1.75 percent over time given current economic conditions.
The Federal Reserve released a hawkish statement on Wednesday, but it’s doubtful the central bank will ultimately be able to reach its goal, noted bond investor Bill Gross told CNBC on Wednesday.
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Bill Gross warns U.S. market risk is at highest since 2008 crisis
