A Wall Street investment chief overseeing $26 billion breaks down why recession fears are overblown, even as the market clamors for Fed relief

Some industry watchers argue that the recent yield-curve inversion is due to low inflation, and therefore not a sign of recession. "It's hard to make the case that the US economy is heading towards a recession," said Mark Heppenstall, who helps oversee $26 billion as chief investment officer of Penn Mutual Asset Management. Still, the bond market continues to put pressure on the Federal Reserve to cut interest rates, a move usually reserved for a weakening economy.

Some industry watchers argue that the recent yield-curve inversion is due to low inflation, and therefore not a sign of recession. "It's hard to make the case that the US economy is heading towards a recession," said Mark Heppenstall, who helps oversee $26 billion as chief investment officer of Penn Mutual Asset Management. Still, the bond market continues to put pressure on the Federal Reserve to cut interest rates, a move usually reserved for a weakening economy.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

“Play It Cool” and Get Paid: How Wall Street Got Rich Off Fresh MarketA complex shareholder lawsuit pulls back the curtain on a Wall Street love triangle, in which Apollo Global Management, JPMorganChase, and a fleet of white-shoe lawyers all made bank. Did shareholders get hosed? They’re worse than locusts
Source: VanityFair - 🏆 391. / 55 Read more »

Lena Dunham’s new show is about ‘international finance’ — and the internet has thoughtsThe “Girls” director describes her upcoming HBO series as “The Wolf of Wall Street” meets “Melrose Place” 'Lena Dunham downloads a new personality' Garbage is still garbage. Pass. Has she returned anymore dogs to the pound? Or abused any young siblings lately? Asking for a friend.
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street drops as Broadcom warning pushes chip stocks lowerU.S. stocks dropped on Friday, as shares of chipmakers sank on a warning from se...
Source: Reuters - 🏆 2. / 97 Read more »