FT front page: Bond fund giant Pimco prepares for ‘harder landing’ for global economy
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The Financial Times front page carries a piece looking at how Pacific Investment Management Company (PIMCO) is preparing for a US recession.
In brief the piece says:
• the market is too optimistic on rate cuts
• the firm is expecting a 'wave' of forced selling
While the FT is gated, here is a tweeted pic of the front page. If you've been eating a lot of carrots you'll be able…
This story from forexlive.com was posted on 2023-07-03 by @geovent.