Wall Street Is Freaking Out About One Major Recession Indicator
Wall Street investors and economists are sounding the alarm over a yield curve inversion, reports show
View Source | July 23, 2022 8:17 am
- The inversion is one of the most reliable indicators that a recession is coming
- “The yield curve is sounding the alarm that the Fed is going to break inflation, but also the economy. The 2y10y curve is -20 bps, with the 3m10y curve catching up fast. Other measures of the yield curve (term premium-adjusted and inflation-adjusted) are positive but flattening,” said Fidelity executive Jurrien Timmer
- Americans are struggling with sky-high gas prices and inflation
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