‘Bond King’ Bill Gross says the US economy headed for a recession as more indicators flash in the 4th quarter

US consumers are falling behind on auto payments. That could be an omen for the US economy, “Bond King” Bill Gross said.REUTERS/Jim Young

  • The US could be sinking into a recession by the fourth quarter, Bill Gross said.

  • The legendary investor pointed to troublesome economic data & banking turmoil seen earlier this year.

  • The risk of a mild recession can’t be written off in 2024, top forecasters say.

The US economy may be teetering into a recession, and indicators of coming weakness could soon be…

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