AP Explains: Is the US economy nearing a recession?
August 15, 2019
WASHINGTON (AP) — Financial markets are flashing a key warning sign of a recession, and the global economy is weakening as the U.S.-China trade war intensifies.
All of which is heightening fear about the U.S. economy and about whether the 10-year expansion, the longest on record, is nearing an end.
On Wednesday, a rare realignment in interest rates intensified those worries: The yield on the benchmark 10-year U.S. Treasury note briefly fell below the yield on the 2-year Treasury for the first time since 2007.
Normally, investors earn higher interest on longer-term bonds than on short-term...