Yield curve inversion shows Fed needs to cut rates: Trump adviser
Tweet
Share
E-mail
FILE PHOTO: White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, U.S. March 4, 2019. REUTERS/Leah Millis
WASHINGTON (Reuters) - The inversion of the U.S. Treasury yield curve is yet another signal that the Federal Reserve needs to cut interest rates, White House trade adviser Peter Navarro said on Wednesday.
"The kind of volatility you see today in the inversion of the yield curve is sending yet another signal that the Fed needs to lower ... interest rates by 50 basis points as quickly as possible," Navarro told Fox Business Network.
(Reporting by Susan Heavey; Writing by Tim Ahmann; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Treasury To Buy Back Up To $6B In Longer-dated Debt Thu.
- Fed seen likely to raise rates next week after inflation report
- S&P 500 above 8,000 in 2026 now looks ambitious, Citi says
Create E-mail Alert Related Categories
General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
