Bill Gross Warns of Hawkish Fed Statements

Markets blew off the Fed hike and subsequent remarks, in spite of the fact that the Fed seems to be following the ruinous path of Allan Greenspan.

Former bond king, Bill Gross, warned of the hawkish Fed statements, saying it is ‘negative for the housing market’ — saying the Fed shouldn’t go higher than 1.5% given the inflation outlook. He thinks the market should begin to take notice of the fact that the Fed is promising something it cannot deliver.