Yellen called the inverted yield curve a “less good signal” of a recession on this occasion.
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The concern is that a global slowdown could tip over into the U.S.
Cathay came under fire last week when China accused its workers of participating in “illegal protests."
Families also saw an increase in negative net worth, which climbed to 10 percent in 2016 from 7 percent in 1989.
Whether the events are truly foreshadowing a recession within the next year or merely a concerning economic contraction, however, is unclear.
That development came after the spread between the 10-year and 2-year Treasury notes inverted for the first time in 12 years.
One of the top reasons Americans opt out of pricier activities is because they don’t have enough money leftover after paying bills.
China said it has "no choice but to take the necessary measures to retaliate."
Hopes for a deeper rate cut jumped Wednesday afternoon, with 62.8 percent of traders pricing in a 50 basis point cut.
“The reason I’m not in favor is because I don’t think it’s constitutional,” he said.