Markets brace for a ‘Powell recession’ that could soon arrive
Just in case there is any lingering doubt, the bond market is now pricing in the near certainty of a Federal Reserve-induced recession that is already here or on the way shortly. The three-month Treasury yield now sits some 86 basis points ahead of the 10-year yield, a level not seen since at least the …
Markets brace for a ‘Powell recession’ that could soon arrive Read More »