UPDATE 1-Bill Gross says slow unwind of zero rates will support US stocks, bonds
January 29, 2015 at 08:24 AM EST
NEW YORK, Jan 29 (Reuters) - Bill Gross, the closely watched bond investor, on Thursday said the Federal Reserve will begin to raise U.S. interest rates slowly this year to normalize distortions in the financial markets but that bonds and equities won't be vulnerable to huge sell-offs.
