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1 year ago

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'Powell's curve' plunges to new lows, flashing US recession warning

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'Powell's curve' plunges to new lows, flashing US recession warning

The Federal Reserve's preferred bond market signal of an upcoming recession has plunged to fresh lows, bolstering the case for those who believe the central bank will soon need to cut rates in order to revive economic activity.

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'Powell's curve' plunges to new lows, flashing US recession warning

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'Powell's curve' plunges to new lows, flashing US recession warning

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