PIMCO: US may lift rates four times in 2018, but recession likely - RTRS

PIMCO's chief investment officer, Andrew Balls told during a Euromoney conference in London, the Fed could hike rates four times next year, but the probability of recession over in the coming years remains high, as cited by Reuters.

Key Quotes:

"They may go again this year, they could go...four times next year depending on what we get on fiscal policy."

"The probability of a recession over the next 3-5 years is pretty high."