Why the Yield Curve Isn’t Always Right

The predictive power of the Treasury yield curve’s slope is sacrosanct among most economists, with an inversion indicating a near-term recession. But the oracular gifts of the yield curve aren’t infallible. Here’s why the history of past inversions means we won’t necessarily see a recession in 2023. Presented by ‪@cmegroup‬: https://www.cmegroup.com/openmarkets/...
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