via CNBC:
Famed investor Bill Gross said he expects big trouble ahead should the Federal Reserve keep hiking interest rates.
“The economy has been bolstered by tremendous amounts of trillions of dollars in fiscal spending, but ultimately when that is used up, I think we’ve got a mild recession, and if interest rates keep going up, we’ve got more than that,” Gross said Tuesday on CNBC’s “Halftime Report.”
“We’ve got potential chaos in financial markets,” he said.
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