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Pimco’s Gross: No Fed move before 2011

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Pimco’s Gross: No Fed move before 2011

NEW YORK (Reuters) – U.S. economic growth is likely to remain weak in 2010, forcing the Federal Reserve to keep short-term interest rates at current ultra-low levels throughout the year and even in early 2011, influential bond fund manager Bill Gross said on Wednesday.

Gross, who runs Pacific Investment Management Co., or Pimco, the world’s biggest bond fund, sees job creation in the United States poised to resume soon, but said it would likely run at an average of 100,000 a month in the early stages

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