McDonald’s Makes Wells Fargo Recession Stock List

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The Street

By Dan Weil ‘A hard landing [for the economy] has become our base case,’ as indicated by the two-year Treasury yield, Wells Fargo says. With inflation rampant and the Federal Reserve poised for what could be large interest-rate increases, the risk of recession has risen sharply. “A hard landing [for the economy] has become our base case,” Wells Fargo analysts wrote in a commentary. “The recent pop in the two-year Treasury yield above 3% is our catalyst, indicating a more hawkish Fed and continued risk aversion.” The two-year Treasury yield recently stood at 3.43%. “We believe the recession sta…

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