News

One of the Fed's top recession alarms sends 2008-style signal

One of the Federal Reserve's preferred recession indicators has this week deteriorated as fast as it did in 2008, the latest sign that bond investors are bracing for a sharp economic slowdown as a result of U.S. President Donald Trump's sweeping tariffs. There are many metrics economists and investors use to try to predict a downturn. The gap between two-year and 10-year Treasury yields for instance, is a bond market favourite.

Nasdaq heads toward bear market as trade war worries grow

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. The Nasdaq Composite fell 3.69% to 15,940.08 by 09:41 a.m. ET, shedding 20% from its all-time closing high touched in December. If the index closes below that mark, it would confirm a bear market.