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PIMCO says a US recession is its base case, possibility it's a deep one

Add this to the recession calls for the US economy. Via PIMCO head of agency mortgage portfolio management Hyman:a recession is looking likely for the US “That’s now our base case""If you look back at historical hiking cycles that’s typically how they end, they cause a recession,” “ .... this time we think there’s potential for it to go a bit deeper”" .... our base case is for a modest recession, the possibility of a deeper recession is still there.”Citing:"Central banks are done with most of t... Read More

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Posted: May 30 2023, 21:19

Author Name: forexlive

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