| Online: | |
| Visits: | |
| Stories: |
Gross Says Wage Growth Not Enough to Sustain U.S. Expansion
by Liz Capo McCormick
Bloomberg.com
Bill Gross said growth in wages lagging behind increases in U.S. employment gains makes it difficult to maintain the economic expansion at a pace that the Federal Reserve would like to see to raise interest rates.
“It’s about wages” as to why the U.S. 10-year note yield is so low, Janus Capital Group Inc. (JUCIX)’s Gross said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Mike McKee. “The market is conflicted over what the Fed will do.’
Employment rose a more than forecast 252,000 positions in December and the jobless rate declined to 5.6 percent, a Labor Department report showed. The report wasn’t all good news as earnings unexpectedly declined 0.2 percent from a month earlier.
Continue Reading at Bloomberg.com…
Source: http://financialsurvivalnetwork.com/2015/01/gross-says-wage-growth-not-enough-to-sustain-u-s-expansion/?utm_source=rss&utm_medium=rss&utm_campaign=gross-says-wage-growth-not-enough-to-sustain-u-s-expansion
