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The professor who invented Wall Street's favorite recession indicator expects a US slowdown this year.

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  • The man behind Wall Street's favorite recession indicator expects the US economy to slow this year.
  • Consumers are almost out of savings, and the Fed needs to cut rates to limit the fallout, he says.
  • Duke professor Campbell Harvey discovered an inverted yield curve accurately predicts recessions.

The man behind the market's most reliable recession indicator says the US could suffer a mild downturn this year, and the Federal Reserve should slash interest rates to lessen the pain ahead.

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economy, economy, us-markets-and-economy, yield-curve, inverted-yield-curve, campbell-harvey, Inflation, Recession, interest-rates, federal-reserve, economic-growth, consumer-spending, rate-cuts, monetary-policy
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The inventor of Wall Street's favorite recession indicator predicts a slowdown …