Earlier this week, the US Federal Reserve in its official statement indicated that it is unlikely to raise interest rates for the remainder of the year. Many analysts think this is a sign that economic growth both in the U.S. and across the world is slowing. New data released today on the Eurozone indicated that growth was below expectations. The reports cited that manufacturing output from France and Germany in particular has experienced the fastest slowdown in over six years. Furthermore, the markets also indicated a possible recession looming as the US Treasury Yield Curve inverted for the first time since 2007.
