Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
PIMCO’s ‘New Normal’ Is Ending, PIMCO Says
The era of sluggish growth PIMCO christened the “new normal” is receding, according to one of the firm’s deputy CIOs.
Fed Minutes Ease Concern on Rate Rise, Lifting Stocks
Several Fed policy makers said a rise in their median projection for the main interest rate exaggerated the likely speed of tightening.
PIMCO’s Gross Having ‘Fun’ With Market Challenges
The coming Fed action will be "taper-lite," bond big Bill Gross predicts in a wide-ranging Bloomberg interview.
PIMCO’s El-Erian: ‘Be Wary of Steepening Yield Curve’
The steepening yield curve in the U.S. Treasury market should have investors worried.
Whitney on Dimon’s Testimony: ‘He’s the Antithesis of Blankfein’
“He charms,” Meredith Whitney said. “He’s incredible. He gave the senators a massage and they gave him a massage back.”
PIMCO’s El-Erian: Greek Euro Exit ‘Probably Inevitable’
Greece may have to exit the 17-nation eurozone, and the monetary union should plan for it to ensure stability.
DoubleLine’s Gundlach: ‘We Don’t Like the Short End of the Curve at All’
The legendary fixed-income manager Jeffrey Gundlach, CEO of DoubleLine Capital, joined Tom Keene on Bloomberg TV’s Surveillance Midday to discuss Europe, alpha and possible Fed moves.
Obama’s Re-Election Means More Stagnation, Says Ex-Treasury Chief O’Neill
Former Treasury Secretary Paul O’Neill, special advisor to Blackrock, was interviewed Thursday by Bloomberg T.V.’s Tom Keene, host of Midday Surveillance.
PIMCO’s Gross, El-Erian Discuss Economic Change, Lessons Learned in 2011
PIMCO’s Bill Gross and Mohamed El-Erian, the leadership of the world’s biggest bond shop, discussed with Bloomberg lessons learned in 2011, the speed of economic change and the crisis in Europe.