(AP Photo/Carolyn Kaster) Some industry watchers argue that the recent yield-curve inversion is due to low inflation, and therefore not a sign of recession. "It’s hard to make the case that the US economy is heading towards a recession," said Mark Heppenstall, who helps oversee $26 billion as chief investment officer of Penn Mutual Asset […]
A Wall Street investment chief overseeing $26 billion breaks down why recession fears are overblown, even as the market clamors for Fed relief
(AP Photo/Carolyn Kaster) Some industry watchers argue that the recent yield-curve inversion is due to low inflation, and therefore not a sign of recession. "It’s hard to make the case that the US economy is heading towards a recession," said Mark Heppenstall, who helps oversee $26 billion as chief investment officer of Penn Mutual Asset […]