The Fed could cause a recession unless it significantly cuts rates, top Stifel strategist says.
Key Points
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, July 31, 2019.The next recession in the U.S. could be triggered by still-restrictive Federal Reserve policy unless the central bank makes a committed and sustained effort to lower interest rates, Stifel's Barry Bannister says.
Recession fears have risen recently amid warnings from the bond market while the U.S.-China trade war rages on. This has led to a sharp rise in stock market volatility over the past month. The 10-year Treasury note yield is currently trading below its 3-month counterpart. This is a phenomenon called a yield-curve inversion. Experts fear when the yield curve inverts because it has historically been followed by a recession.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Consumer spending surges in July and low inflation paves way for Fed to cut ratesAmericans boosted spending in July on recreational goods and vehicles as well as energy to run their air conditioners, but inflation remained low enough to...
Leer más »
Investors have triggered a recession signal with a perfect 50-year track record — and one expert says years of 0% market returns could be in storeIt's not just the yield curve: Stifel's Barry Bannister says a signal with a 50-year perfect track record shows no returns for stocks into 2024.
Leer más »
Consumer spending surges in July and low inflation paves way for Fed to cut ratesAmericans boosted spending in July on recreational goods and vehicles as well as energy to run their air conditioners, but inflation remained low enough to...
Leer más »
This podcast exposes what Americans get this wrong about retirement saving — and what they can do to make it rightIt's not all your fault -- it's 'a broken system,' the 'Reset Retirement' podcast says.
Leer más »
Mayim Bialik praised for promoting ‘modest’ fashion line: ‘I always loved your modesty’'Just because it’s modest doesn’t mean that it’s not hip and modern and good quality,' the actress says in her ad for Kosher Casual.
Leer más »