Six months ago, investors and savers were expecting higher interest rates after years of near-zero returns on cash, and the game reversed course almost overnight when the Fed hit the pause button in Dec. 2018. I covered that reality show with “How it Sounds When Fed...
On the heels of the DOW plunging 800 points today on concerns over an economic slowdown, the bond market has been wagering on a recession by pricing in interest rate cuts that usually accompany a downturn. A flattening yield curve is not a forecaster of recession in...