“The recession that began in February could revisit the US economy if the coronavirus pandemic intensifies,” Kansas City Federal Reserve Chairman Esther George told CNBC on Wednesday.
George further noted that she sees the building risks of a “double dip” recession.
These remarks do not appear to have a significant impact on market sentiment. At the time of writing, futures on the S&P 500 were virtually unchanged daily at 3443. Meanwhile, the US dollar index is hanging on to small daily gains near 93.10 ahead of orders data from durable goods in the United States.