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Pimco’s Bill Gross Looking at What We Can Expect from Bernanke from Jackson Hole

August 29, 2012 | About:

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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