domenica 7 luglio 2019

SINKING FEELING

INVERTED US YELD CURVE POINTS TO LOOMING RECESSION


From FT, friday 5 july 2019:"One of the financial markets' most reliable indicators of a recession is spooking investors again, ahead of a new reading on  US employement that could determine wheter the Federal Reserve cuts interest rates this month.
The yeld curve, which shows interest rates on bonds of varying maturities, has been inverted for a full month, cemeting a dour outlook for the US economy".............