Dow Futures Crumble as NY Fed’s Recession Indicator Screams Red

Dow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red. The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately […]

The post Dow Futures Crumble as NY Fed’s Recession Indicator Screams Red appeared first on CCN Markets

Source: https://www.ccn.com/news/dow-futures-slide-ny-fed-recession-indicator-red/2019/07/10/

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