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Federal Reserve’s Bullard Issues Warning Over Yield Curve
James Bullard, who is a non-voting member of the Federal Reserve, says investors are focusing on the flatting yield curve to assess if a recession is getting close. So reports CNBC.
The economy is currently strong, but if the 10-year Treasury yield doesn’t increase as the Fed raises the fed funds rate, the yield curve could invert, which has previously signaled a pending recession.
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