Bill Gross warns of recession risk if highly levered economies hike rates

NEW YORK (Reuters) – Highly levered domestic and global economies including the United States, which have “feasted” on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday.

Source:: Bill Gross warns of recession risk if highly levered economies hike rates