The message from former US Federal Reserve Governor Janet Yellen and two current Fed Presidents was clear at the recent Credit Suisse Asian Investment Conference – a US recession is not on the horizon. And this should not come as a surprise given that US GDP growth is around trend, unemployment is low, and inflation is well under control.
Andrew McAuley, Chief Investment Officer at Credit Suisse, sits down in this exclusive to explain why reports of an imminent recession have been greatly exaggerated, and why the Fed believes the recent inversion of the bond yield curve is not the harbinger of doom that it has been in the past.
Watch the following video to learn why the Fed's position puts investors at an interesting point in history that is positive for both bonds and equities.
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