Monetary Policy & Inflation | US
Recession Probability Stays Close To 90%
- By Dalvir Mandara and Bilal Hafeez
- 3 min read
The November FOMC meeting minutes revealed that ‘a substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate’. The dovish twistsaw benchmark US treasury yields close the week lower with US 10Y yields (3.68%, -14bps WoW) and US 2Y yields (4.42%; -9bps WoW) falling on Friday.
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