Cleveland Federal Reserve President Loretta Mester on Monday said that the recent flattening of the yield curve isn’t a sign that the US economy is weakening. Her comment follows a similar observation by Fed Chairman Jerome Powell, who suggested last week that low inflation in recent years has reduced the value of monitoring recession risk based on differences between long and short Treasury yields.
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US and European Union plan to expel 100-plus Russian diplomats: Reuters
Russia vows retaliation for the mass explusion of its diplomats: CNN
N. Korea’s Kim reportedly visits China: Bloomberg
US and foreign stock markets rebound sharply as trade-war fears fade: BBC
Progressive groups press for a NY Fed chief who reflects diversity: NY Times
Cleveland Fed president supports rate hikes, says trade tensions are a risk: MW
Mfg growth slows in Dallas Fed’s district: Dallas Fed
US economic activity strengthens in February: Chicago Fed