- From cnbc.com|11 hr ago|4 comments
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. Economist Claudia Sahm has shown that when the unemployment rate’s three-month average is half a percentage point higher than its 12-month low, the economy is in recession. As the ...
- From think.ing.com|11 hr ago|1 comment
The US 10yr Treasury yield is back in the 4.2% area, and looking down. We continue to eye 4% as a viable target. Since the May CPI data there has been enough in the subsequent data and events to sustain the build in the rate cut discount. There was a 0.0% month-on-month reading for headline inflation then, and in about ten days the market is looking for ...
Sessions