AP Photo/Richard Drew The signals for an upcoming recession are now all flashing at the same time. The Federal Reserve’s first cut to interest rates since 2008 did not change the yield curve (the margin between short- and long-dated US Treasury yields). The yield curve has inverted before every US recession for the past 50 […]
IT DIDN’T WORK: Despite the Fed, the yield curve is stuck in ‘recession’ mode, stocks are a mess, and manufacturing is in retreat
AP Photo/Richard Drew The signals for an upcoming recession are now all flashing at the same time. The Federal Reserve’s first cut to interest rates since 2008 did not change the yield curve (the margin between short- and long-dated US Treasury yields). The yield curve has inverted before every US recession for the past 50 […]