'Despite the yield curve inversion, 2019 and most likely 2020 are going to be safe from U.S. recession,' the chief investment strategist at LGT Bank Asia said.
Key Points
The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon. The yield on the 10-year Treasury note briefly broke below the rate for the 2-year. U.S. President Donald Trump speaks with Larry Kudlow, director of the U.S. National Economic Council, right, in the Roosevelt Room of the White House in Washington, D.C.President Donald Trump said Sunday he doesn't see a recession on the horizon after a volatile week for markets.
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