Wall Street

Stock Market Today – 7/6: Stocks Steady Ahead of Fed Minutes, Yield Curve Inversion Flash Recession Warning

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The Street

By Martin Baccardax An overnight inversion of the U.S. Treasury yield curve, the market’s go-to recession indicator, heaps added pressure on the Fed as minutes from its June meeting are published later today. U.S. equity futures edged lower Wednesday, while global stocks steadied and the dollar breached the highest levels in two decades, as investors closely track developments in the bond market that point to a near-term recession in the world’s biggest economy. Safe-haven trading has lifted the U.S. dollar index, which benchmarks the greenback against a basket of its global peers, to the high…

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