Powell’s Own Guide to Recessions Shows Rate Cuts Are Coming

Powell’s Own Guide to Recessions Shows Rate Cuts Are Coming

Business
March 23, 2023 by secret
100
[ad_1] (Bloomberg) — A recession is certain and so are rate cuts this year. That’s the message from the bond market metric Federal Reserve Chairman Jerome Powell highlighted a year ago as the best guide to tip-off economic troubles in the US. Most Read from Bloomberg The expected three-month T-bill rate dropped to 134 basis