Philippe Waechter's blog
The flattening of the yield curve and the possibility of a recession in the US.
First step the 5yr-2yr spread is now null before being negative with the Fed tightening. Then the 10yr-2yr will flatten before being negative for the same reason. This has always…
What the Fed Is Missing
A complement to my recent post on the signal brought by an inverted yield curve on the economic activity. The Federal Reserve isn’t worried about the yield curve, and it…
The flattening of the US yield curve is a source of concern – This time is not different
Jerome Powell said that the yield curve flattening was not a source of concern and that it wasn’t showing a risk of recession as the economy is following a strong…