The Fed was hoping to steepen the yield curve with its 25 basis point (quarter-point) rate cut. Instead, inversions strengthened dramatically.
- Bond Yields Crash On ISM Report, More China Tariffs
- Global Manufacturing Recession Started, Trump Makes Matters
- Another Undeclared War: Trump Threatens Full Naval Blockade of Venezuela
More Rate Cuts Coming
Trump wants more rate cuts.
He will get them, along with a recession.
Mike "Mish" Shedlock