Recession risks grow as US-China trade uncertainty persists, Bank of America says

Fox Business | Aug 13, 2019 at 4:06 PM
  • The chances of a recession taking place within the next year are increasing.
  • The spread between the 2- and 10-year note yields, another closely watched gap that predicts recessions, is also narrowing.
  • And because interest rates remain historically low — the Federal Reserve cut the benchmark federal funds rate by 25 basis points at its July meeting, lowering the range to between 2 percent and 2.25 percent — the U.S. central bank has less ammo to deal with slowing growth, Meyer warned.