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July 17, 2012

Gross Says U.S. Nearing Recession as BlackRock Sees Fed Step

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Bill Gross, who runs the world's largest mutual fund at Pacific Investment Management Co., said the U.S. is approaching a recession as BlackRock Inc. (BLK) expects the Federal Reserve to take more steps to support growth. Five-year Treasury yields slid to a record 0.577 percent yesterday after a... FF News: Fundamental

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