Bill Ackman, Bill Gross comment on U.S. economy, bond market

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Activist investor Bill Ackman announced his firm has closed its short on bonds as Treasury yields flirt with 5%. Fund manager Bill Gross also issued a...

Activist investor Bill Ackman announced his firm has closed its short on bonds as Treasury yields flirt with 5%. Fund manager Bill Gross also issued a statement on social media anticipating a recession in fourth-quarter 2023. Yahoo Finance Live reacts to these headlines as investors try to make sense of future interest rate hikes by the Fed.

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