Are interest rate buying into the hawkish tone of policymakers like Jerome Powell and the rest of the Federal Reserve? "I am watching the TNX spread from a technical analysis perspective. When interest rates invert that is a sign that we could have a recession. However, a recession with 3% unemployment is odd. There is an impact of a hawkish tone on interest rates. At some points, rates will have to go higher to attract money to continue to finance the debt in the United States," says Chris Robinson.
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