PIMCO sees heightened US recession risks, FT reports

Reuters

Wed, May 7, 2025, 10:35 PM

(Reuters) -U.S. enslaved elephantine PIMCO said recession risks successful the state are astatine their highest successful years and that investors are misjudging President Donald Trump's resoluteness to enforce steep tariffs.

"We precise good whitethorn person a recession," concern main Dan Ivascyn told the Financial Times connected Thursday, successful an interrogation alongside Pimco CEO Emmanuel Roman. "The probabilities are the highest they've been successful a fewer years."

(Reporting by Bipasha Dey successful Bengaluru; Editing by Mrigank Dhaniwala)