Harley-Davidson motorcycle engines are assembled at the company’s plant in Menomonee Falls, Wisconsin, in June 2018. US manufacturing activity continues to expand. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Nicholas Spiro

Why the US is not slipping into a recession, despite the inverted Treasury yield curve

  • While an inverted yield curve could be taken as a sign that a recession is in the offing, US manufacturing activity and consumer sentiment remain robust. The inversion in US yields is more a by-product of excessively low yields in Europe and Japan

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Harley-Davidson motorcycle engines are assembled at the company’s plant in Menomonee Falls, Wisconsin, in June 2018. US manufacturing activity continues to expand. Photo: AFP
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US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on March 20. The Fed left interest rates unchanged after its two-day policy meeting. Photo: Xinhua
David Brown
Opinion

Opinion

Macroscope by David Brown

The Federal Reserve has halted policy normalisation. Now, other central banks should follow suit

  • The Fed’s decision to stop interest rate rises and the shrinking of its balance sheet this year should be a cue for central banks in Europe, Japan and particularly China to take steps to bolster economic activity

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US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on March 20. The Fed left interest rates unchanged after its two-day policy meeting. Photo: Xinhua
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