US stocks declined as investors fixated over how bad of a recession will hit the US economy and weighed on geopolitical risks. The economy is entering slowdown mode as final Q3 nonfarm productivity data was revised higher and labor costs were significantly revised lower.
Yield curve inversion deepens and nears a four-decade low which is clearly setting up this economy for a recession that won't be a mild one.
07-12-2022 15:30 GMT
by Edward Moya