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What a Yield-Curve Inversion Really Says About the U.S. Economy
A reliable recession indicator has lost some of its power to predict.
23 Aug 2019, 06:27 AM IST
(Bloomberg Businessweek) -- The chance of a recession in 2020 has Democratic campaign strategists feverish with anticipation—while trying not to show it—and President Trump even more amped up than usual. While Trump says he’s confident of the strength of the U.S. economy, his actions indicate otherwise. He’s demanding that the Federal Reserve cut its key rate target by at least a full percentage point, which would be extraneous at ...
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