A key recession indicator is getting closer to the danger zone — and the Fed can't ignore it
A shift in the bond market is giving investors and Fed officials pause about the economic outlook.
The concern stems from earlier periods when long-term interest rates slip toward or even below their short-term counterparts, often signaling recessions.
Philadelphia Fed President Patrick Harker says the central bank must avoid inverting the yield curve, or allowing 10-year Treasury yields to slip beneath two-year rates.The Federal Reserve’s plan to keep raising interest rates could soon ru
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