It will likely lead to a choice whereby policymakers will have to decide whether to accept higher levels of inflation, or to drive economies into recession.
Policymakers, particularly at the Fed, might decide to accept a bit more inflation than they have been used to in the past to try to ensure that the economy stays in the...
The recent inversion of the 10s-2s yield curve in the US has revived all those old concerns that a recession could be just around the corner.
The former Bank of England MPC member Danny Blanchflower ever released a piece of research suggesting that the US economy was entering a recession.
VN
EN