It's a PIMCO and ex-PIMCO Fed Forecast Festival
Bill Gross, now at Janus:
- "I'm not so sure that June is out"
- "Yellen, more than jobs, is focused on wages. At 2.5 percent, they're moving up."
Mohamed El-Erian, chief economic adviser at Allianz SE:
- "I do think they'll hike at least once, and they could hike twice this year"
- The Fed "has a window." ... financial markets that are relatively calm and a depreciating dollar will make it easier for policy makers to act
Mark Kiesel at Pacific Investment Management Co.:
- Notes the labor market is gradually improving
- "They'll probably start with one or two hikes by the end of the year"
Bloomberg has more