A Top US Recession Indicator Hits Levels Last Seen In 2007, Before Financial Crisis
The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.
Kristina Clifton Carlos Casanova Shane Oliver Chicago Mercantile Exchange Commonwealth Bank Market Committee
Source: ndtv.com