President Donald Trump defended his trade wars and attacked the Federal Reserve on Wednesday.
That came after a key recession signal flashed for the first time since the financial crisis, sending financial markets sharply lower.
Analysts have said trade wars were in part behind recent troubles in financial markets as they raised costs and cast a layer of uncertainty on businesses and consumers.
Visit Markets Insider for more stories.
President Donald Trump defended his trade wars and attacked the Federal Reserve on Wednesday after a key recession signal flashed for the first time since the financial crisis.
“We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down,” the president wrote on Twitter. “China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut….”
That came after ominous signals in the bond market set off a sharp drop in financial markets. The yield curve inverted on Wednesday for the first time since 2008 in a development that has historically preceded recessions.
“..Spread is way too much as other countries say …read more
Source:: Businessinsider – Politics