Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

U.S. Commerce Secretary Ross downplays fears of recession

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Olive Tapenade & Vinho Verde | SaltWire

Watch on YouTube: "Olive Tapenade & Vinho Verde | SaltWire"

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years.

"Eventually there'll be a recession but this inversion is not as reliable, in my view, as people think," Ross said in an interview with Fox Business Network.

(Reporting by Makini Brice and Doina Chiacu; Editing by Chizu Nomiyama)

Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT