Out of focus Market Information image
Markets

Deutsche Bank Chief U.S. Economist says recession risk on the rise

In a note, Joseph LaVorgna highlights the Federal Reserve's Labor Market Conditions Index

  • Its fallen just three times from 2012 to 2015
  • But in 2016 its fallen every month except for July
  • And in July the annual change in the LMCI, from July 2015, turned negative

Only the eighth time in nearly 40 years the index was down on a year-over-year basis ... of the seven previous occasions "four were soon followed by recession". H says it indicates a rising possibility of recession.

via Bloomberg

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos