Duke University's Campbell Harvey said it would be unwise for the Federal Reserve to raise rates in November, citing current economic figures and conditions.
warned the Federal Reserve against raising rates again later this year, telling FOX Business on "The Claman Countdown" that a recession might still be coming in 2024.
The yield curve, which depicts the ultimate yields for long-term and short-term bonds, remains inverted, host Liz Claman said, reporting that"That's a signal a recession is coming, but where is it?" she asked Harvey, who teaches at Duke University. "The average length is more like 13 months, so what it's pointing to is a recession in 2024," he said.
As consumers curtail their buying and rely more and more on credit, credit card bills — which feature exponentially higher interest rates than typical borrowing — are rising steadily.CFO'S EXPECT ECONOMY WILL BE WORSE IN A YEAR
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