PIMCO: US may lift rates four times in 2018, but recession likely - RTRS
|PIMCO's chief investment officer, Andrew Balls told during a Euromoney conference in London, the Fed could hike rates four times next year, but the probability of recession over in the coming years remains high, as cited by Reuters.
Key Quotes:
"They may go again this year, they could go...four times next year depending on what we get on fiscal policy."
"The probability of a recession over the next 3-5 years is pretty high."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.