The Federal Reserve needs to cut rates immediately, says White House advisor Larry Kudlow.
He has a point, according to James Bianco, president of Bianco Research.
Ever since the 10-year/3-month spread inverted late last month, the bond market has been flashing a neon sign at the Fed to act, Bianco told CNBC’s “Trading Nation” on Friday.
“It’s a signal that the Fed should consider cutting rates. It’s a signal that they’re too tight with policy,” he said.
The situation might grow more troubling by the end of the second....More>>>