Gross thinks the upcoming announcement from Bernanke is a tough one to call. He thinks it could be a real snoozer where Bernanke just repeats his recent observations or that it could be a blockbuster like in 2010/2011 where real policy is announced.
Gross thinks 3% inflation is going to be needed to lower the unemployment rate below the current 8%.
He also sees the 10-year Treasury trading around 1.65% at the end of the year.
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