There are obvious signs of the US economic recession, and the price of crude oil fell back to the February level

Elephant reporter Chen Xiaoyu/Compilation

According to Reuters, the price of crude oil in the international market continued to fall on Thursday. The reason is that the British Bank of England warns that the country will have a long -term economic recession, and analysts are not optimistic about the prospects of the US employment report on Friday.

The level of domestic gasoline prices in the United States has fallen for 51 consecutive days

The Bank of England has increased its key interest rates by 0.5 basis points this week, which is the largest interest rate hike in the bank in 27 years. Moreover, it is reported that the British economy is expected to fall into a decline until the end of 2023, but the range of economic recession will be smaller than the global financial crisis in 2008. The inflation rate in the UK has reached the highest level in 42 years.

A market analyst from New York said: "Our expectation to decline is clear, and the clearest signal comes from the US Treasury market." On Wednesday (August 3), the 10 -year Treasury yield of US Treasury bonds was once Rise to 2.85%. At the same time, the yield of two -year Treasury bonds has increased greater. The national debt yield curve reappeared upside down, and reached 39 basis points, a new high since 2000.

According to the historical data of the US economy, inverted US Treasury bonds often means that the US economy decline is about to come. Since the beginning of this year, US Treasury bonds have been upside down more than once. In the first and second quarters of this year, the US economy has shrunk for two consecutive quarters, and has slipped into technical decline. Therefore, many analysts Wall Street believe that the US economy may fall into a comprehensive decline at the end of this year.

In terms of energy prices, as of the closing of the 4th, the international market crude oil prices have fallen to the level before the Russian and Ukraine conflict. Brent crude oil futures closed down 2.66 US dollars to $ 94.12, the minimum closing price since February 18. Western Cases medium crude oil futures fell 2.34 US dollars and closed at $ 88.54, the lowest closing price since February 2.

Cleveland Federal Reserve Bank President Loretta Metter said on Thursday that the US economy has not yet fallen into decline, but the risks are still rising. ease.

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