Historically, an inverted yield curve has been a useful indicator of recessions. However, quantitative easing may have distorted that signal.
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The latest industrial production (IP) data for the eurozone disappointed last week, with output across the bloc dragged down by Germany and France.
The tug-of-war between trade tensions and easy monetary policy has been evenly balanced so far this year. However, the balance might be shifting as policy shows signs of fatigue and trade war concerns persist despite a Trump Administration decision