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Fed's Kashkari: Bond market is 'yellow light flashing' about a possible recession
The bond market is indicating that the U.S. economy could be hovering around a recession, which in turn would mean that fewer interest rate hikes are needed ahead, Minneapolis Fed President Neel Kashkari said Friday. A flattening yield curve, or a narrowing between yields of different maturities, is indicating to the central bank official that confidence is waning and the Fed may be near the end of its rate-hiking cycle. "It's at least a yellow light flashing" about a potential recession, Kashkari told CNBC's Steve Liesman in a "Power Lunch" interview. That phenomenon is happening even as Congress has cut taxes and ... (full story)
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Learn, a forex trader must, unlearn and relearn he will.
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ITS ABOUT THE CASH NOTHING ELSE.
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