Janet Yellen, the former chair of the Federal Reserve who served during both the Obama and Trump administrations, said Wednesday that a recession is unlikely.<\/p>\n
\nHistorically, it’s [Treasury bond curve] been a pretty good signal of recession, and I think that’s why the markets pay attention to it, but I would really urge on this occasion it may be a less good signal,” Yellen told Fox Business<\/i>. “And the reason for that is that there are a number of factors other than market’s expectations about the future path of interest rates that are pushing down long-term yields.”<\/p>\n<\/blockquote>\n
Political bettors at PredictIt.org agree. They weren’t overly spooked on the Wall Street sell-off.<\/p>\n
The market asking, “Will there be a recession in the US by year-end 2019?” saw “Yes” shares climb four cents, but that only brings them to 12 cents. PredictIt also asks, “Will there be a recession in Trump’s first term?” Shares of “Yes” increased by three cents, bringing them to 39 cents.<\/p>\n
PredictIt rules state that for a recession to be declared, a negative annual growth rate in real gross domestic product must be confirmed in two consecutive quarters by the US Bureau of Economic Analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US gaming industry wasn’t spared from Wednesday’s Wall Street sell-off on fears that an economic recession is looming. The Dow Jones Industrial Average plunged 800 points (-3.05 percent), the NASDAQ 242 points (-3.02 percent), and S&P 500 85 points (-2.93 percent). The Wall Street panic was the result of the 10-year Treasury bond briefly […]<\/p>\n","protected":false},"author":25,"featured_media":112237,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
US Gaming Industry Stocks Rattled Amid Recession Fears<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n