Your Evening Briefing: Junk Bond Market Says No US Recession

The US junk bond market is forecasting that the economy may weaken, but won’t tip into a recession. The indicators come as Federal Reserve officials vow to continue to fight inflation aggressively, even if higher rates increase the risk of a downturn. But some strategists and money managers think credit markets aren’t paying enough attention to how bad any potential upcoming downturn could be.

Bloomberg is tracking the coronavirus pandemic and the progress of global vaccination efforts.