NBER Marks Recession at 2 Months, Hiring Struggles Continue Despite Millions Out of Work, Covid Factor Might Affect 10-Year Yield Recovery

By BCM Investment Team The National Bureau of Economic Research’s decision to set the COVID recession at two months was surprising since more than a year and a half later, “normalization” is ongoing. And although longer-dated inflation expectations have been moderating (accepting the “transient”...