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Yield Curve Shows Increased Risk of Recession
Research into the gap between the yield on three-month and 10-year U.S. Treasury securities indicates that the risk of a recession has increased. So reports Reuters.
The study by the San Francisco Federal Reserve maintains that a recession isn’t imminent but the research is likely to be used to support the view of certain Reserve board members who are opposed to additional increases in the Federal Reserve's funds rate.
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