Gross Says Fed May Become ‘Dovish’ as Oil Prices Plunge

Bill Gross, who used to run the world’s largest bond fund before joining Janus Capital Group Inc. (JNS) in September, said the Federal Reserve may become more “dovish” after oil prices plunged in recent weeks. The Federal Reserve would have to take lower oil prices “into consideration,” Gross said today in a Bloomberg Surveillance interview with Tom Keene. “I think that yes, it moves towards a dovish stance relative to what the market expected a few days ago.” Benchmark U.S. oil prices have fallen below $60 a barrel, extending losses today as the International Energy Agency cut its global demand forecast for the fourth time in five ... (full story)

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