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The market’s most feared recession signal flashes again amid fears the Fed won’t do enough to prevent an economic meltdown
Three regional Fed leaders spoke out against lowering interest rates on Thursday even as recession fears lingered.
Like the Big Mac and the Whopper before it, Popeyes' new chicken sandwich can be viewed as a sign of economic health, according to Bloomberg Opinion.
The IMF is sending a team to Argentina following the surprising election result that plunged its currency and crashed its stock market
"We are closely following recent developments in Argentina and are in ongoing dialogue with the authorities," said an IMF spokesperson.
The dollar just hit its highest level of 2019, even as Trump continues his full-court press for a weaker currency
There are a number of factors supporting the dollar's strength, including the trade war, which is dragging down global growth.
Bitcoin has become an unlikely safe haven as global turmoil has rocked markets. But not everyone thinks that’s a good idea.
"Bitcoin is harder to manipulate the circulating supply and that's why some people think its a safe haven," said Sky Guo.
Fed Chair Jerome Powell is giving a speech this week, and traders will be listening closely for any hints of further interest-rate cuts
The Federal Reserve trimmed interest rates for the first time in a decade last month, and traders are hungry for more cuts.
A new report offers fresh evidence that Trump’s trade-war tariffs are hurting the US — even though he says they’re not
"The data illustrate a considerably more widespread effect of higher input costs among service firms than in last year's survey," the NY Fed wrote.
An investment chief overseeing $160 billion explains why traders shouldn’t worry about a recession right now
"I think what we're seeing this week is a perfectly normal reaction," said Brad McMillan, chief investment officer for Commonwealth Financial Network.
"A blip on the radar is still an inversion, but at that point it's not a meaningful one," said Jay Sommariva of Fort Pitt Capital Group.
"Treasury yields are climbing away from record lows on Friday...the movements in the bond markets are poised to remain on investors radars in the week ahead."