From Newsmax:

Pacific Investment Management's Bill Gross, manager of the world's biggest bond fund, said in a Twitter posting that the Federal Reserve may hint in August of plans for additional monetary stimulus.

"Next Jackson Hole in August will likely hint at QE3/interest rate caps," he wrote. referring to the Fed's annual symposium in Jackson Hole, Wyoming, in a 10:24 a.m. message.

The use of yield ceilings has precedent. The Fed maintained a limit of 2.5% on long-term Treasury bonds in the 1940s for almost a decade. In 2002, then Fed Governor Ben S. Bernanke, in a speech to the National Economics Club in Washington entitled, "Deflation: Making Sure 'It' Doesn't Happen Here," said he preferred...

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More from Bill Gross:

Bond giant Pimco: Prepare for "global inflation"

Pimco CEO: These investors should prepare for major losses 

Bond king Bill Gross: These investors will soon be "boiling frogs"