This Chart Has Predicted The Last Three Recessions: Cheddar Explains
Inverted yield curves have predicted the last three major recessions. Now, the yield curve is flattening, and a full inversion may be on the way. Cheddar explains what an inverted yield curve is ー and what it means for our economic future.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.