Gold Jumps, Dow Dumps YTD Gains As ‘Hard Landing’ & Debt-Ceiling Fears Surge

The Fed has a problem – as the ‘economy’ trends towards recession, the ‘labor’ market is refusing to take any notice of monetary policy and hawkish jawboning… Source: Bloomberg The risks of a hard-landing recession are soaring as the yield curve inversion (Powell’s favorite indicator is the 3m bill yield 18 m fwd spread to […] Source