Bill Gross thinks there is zero chance that the Fed raises rates in June.
That has become pretty much consensus at this point, and that is why we have seen the end of the surge in the U.S. dollar.
Gross thinks that the Fed has a challenge in front of it because the real economy going forward is likely to show anemic growth of 1.5% to 2.0%.
That isn't great according to Gross, but it is still better than most of the world.
