Benzinga · Aug 21, 2023
Presidential Hopeful Ramaswamy Predicts US Recession In 2024
In a recent interview with Tucker Carlson on X, presidential hopeful Vivek Ramaswamy spotlighted concerns about an impending U.S. recession in 2024, leaning heavily on historical indicators. What Happened: Central to his argument was the inverted yield curve, where interest rates on short-term bonds eclipse those on their long-term counterparts. Most investors know that the U.S. Treasury yield curve is considered a potent barometer for the U.S. business cycle. An upward-sloping curve — where longer-term rates exceed shorter-term ones — generally precedes economic expansion. The rarer inversion signals possible recessions, historically within 10 to 13 months. With the last inversion recorded in October 2022, Ramaswamy's ...Full story available on Benzinga.com

