Bill Gross, manager of the world's biggest bond fund, said the Federal Reserve may not be able to avoid a recession even if central bank policy makers lower borrowing costs by at least another percentage point.
Wow! Scary News for sure!
Hiring in the U.S. slowed more than forecast in December and unemployment jumped to a two-year high.
The central bank has reduced its target for the overnight lending rate between banks three times since Sept. 18, bringing the rate to 4.25 percent.
Look for at LEAST a 1/2 point rate cut on January 30th. This is what they should have done at the last meeting!!