What's triggering recession fears in the US
US Federal Reserve said that it would not raise interest rates this year. The comments were seen as central bank's affirmation of pessimistic outlook for the world's largest economy. Last year, the Fed adopted hawkish stance and raised interest rates four times.
Last Updated: March 25, 2019 | 18:05 IST
Concerns about the health of the world economy heightened last week after cautious remarks by the US Federal Reserve sent 10-year treasury yields to the lowest since early 2018.