Fed Will Raise Rates 1 or 2 Times This Year, Says Bill Gross

Bond manager Bill Gross predicts that the U.S. Federal Reserve will raise interest rates once or twice in 2016, according to an interview in Barron’s.

Gross, who is the manager of the Janus Global Unconstrained Bond Fund, told Barron’s that he does not expect U.S. Treasury yields, which are currently around 1.7%, to change dramatically this year.

The 71-year-old portfolio manager said he sees investment opportunities in merger arbitrage situations, such as Berkshire Hathaway’s ...

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