Week InReview: August 31, 2018

Mnuchin 'content' with yield curve, breaks with Trump on Powell

Treasury Secretary Steven Mnuchin said he's "not at all concerned" about the convergence of short- and long-term market interest rates at a time when some investors are worried the flattening yield curve signals a U.S. recession is coming. Having a flat curve is something the Treasury is "perfectly content with," given the government's issuance of long-term debt, he said. Mnuchin also said he doesn't view the curve as a predictor of economic growth. (Bloomberg Markets | Aug 28)

Read entire Week InReview: August 31, 2018