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/