Harker/George hawkish comments/negative yield curve worries equity markets
The major US stock indices or now trading in the red with the NASDAQ leading the downside move.
Fed’s Esther George and Harker were more hawkish. The yield curve is also flirting with going negative again.
The snapshot now shows:
- S&P index -14 points or -0.48% 2910
- NASDAQ index -66.5 points or -0.83% at 7954
- Dow -44 points or -0.17% at 26158
Below are the US yield changes. The 2-10 have gone slightly negative: