Week InReview: May 10, 2019

Yield Curve Worries -

A part of the U.S. Treasury yield curve considered a good indicator for coming recession is heading towards a potentially worrying level again, driven by the renewed jitters about U.S.-China trade. But it's doing it at a time when BlackRock Inc. thinks the predictive powers of the yield curve are fading. The Federal Reserve doesn't seem too worried either. Vice-Chair Richard Clarida pushed back against suggestions the Fed will start to cut rates soon and is confident current policy will get inflation where it needs to be.

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