Economic Slowdown Ahead? Bill Gross Warns Recession Risk Rising as Growth Indicators Weaken
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Bill Gross warned the US economy may be teetering into a recession, pointing to weakening indicators.
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Gross said expectations for Q4 GDP growth are below 1.5%, despite hot Q3 growth, signaling an imminent slowdown.
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Headwinds like soaring bond yields, regional bank struggles, and rising consumer delinquencies point to economic troubles.
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October job gains of 150,000 missed expectations and signal slowing economy heading into year-end.
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Top forecasters warn the risk of a mild recession in 2024 can't be dismissed given likelihood of global downturn.