Fed’s Kashkari: Bond market is ‘yellow light flashing’ about a possible recession

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,…

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