Bloomberg with comments from ex-PIMCO Bill Gross
- "Central bankers and indeed investors should view additional tightening and 'normalizing' of short-term rates with caution"
Note, Gross is not saying stop the hikes:
- "Typically, a recession or a tightening of central banks has destroyed creatively and allowed new growth to take place," he said. "I think it'd behoove the Fed to continue to tighten and produce a growth slowdown, or maybe a recession in future months and years."
Just to go slow ...
More at Bloomberg, worth checking out
