The spread between 10 year US bonds and 2 year US bonds is currently at 5 year lows and will likely go negative post the fed rate hike next week. This would most likely cause the US yield curve to eventually invert and is a harbinger of a decelerating/recessionary economy going forward. Will tax cuts save the day? I doubt it.
Fed 'Hawkish Cut' Could Jolt Markets: Should You Hedge Your Portfolio?
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Two forces may end up driving markets far more than the widely expected
rate cut: the Fed's fresh economic projections and Powell's remarks.
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13 minutes ago
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