Industrial Production Consistent with Recessionary Levels, Economists Say

Weakness in U.S. industrial production is consistent with recessionary levels, economists said following the 0.7% decline in Thursday's report from the Federal Reserve. T.J. Marta, fixed income strategist from RBC Capital Markets, said the "collapse" resembles the turbulence seen during the 1990 recession, the 2001 recession, Hurricane Katrina, and the start of the Iraq War. Michael Montgomery, economist at Global Insight, said there were... Read More Now