Here's what you need to know before the stock market opens: 1. Dow to open higher after a strong rally 2. Bond yields higher after another inversion 3. China warns the U.S. against imposing new planned tariffs Read more:
The spread on the 10-year Treasury yield and that of the 2-year back to normal with the longer term rates higher than the shorter term ones. Last week's inversion set off a debate about the reliability of the indicator. Even when it does predict a recession, it is, on average, 22 months early, according to Credit Suisse.
In the minutes of the July meeting, central bankers called their first rate cut in more than a decade a "recalibration," emphasizing it is not on a "pre-set course" for future cuts.China's President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017.The U.S.
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