Gross warns US rate rise 'too little, too late'

Journey to 'normalisation'

Janus Capital's Bill Gross believes a US rate rise in the near future is "too little, too late" for markets and the wider economy.

Recent market turmoil has potentially held back a US rate rise this month, although economists are still divided on how the Federal Reserve will act when its monetary committee meets on 16-17 September.  Four factors dictating the path of US and UK interest rates Writing in his monthly commentary, Gross (pictured) said: "The "too late" refers to the fact that they may have missed their window of opportunity in early 2015, and the "too little" speaks to my concept of a new neutral policy rate which should be closer to 2% nominal, but now cannot be approached without spooking markets fu...