Screengrab/YouTube The inverted yield curve means that a recession is still likely, the indicator's inventor wrote this week. However, excessive labor demand, a stronger housing market, are factors that will dampen the impact. The economist said the Fed is misreading inflation and should cut rates immediately. The inverted yield curve has been flashing red for 15 months, but don't think that ongoing economic strength makes it a false signal, Campbell Harvey wrote in a Research Affiliates note.Harvey is known for discovering the most popular recession indicator, which shows that when yields on short-term Treasury bills move above those on longer-dated bonds, a downturn will soon follow.
The Inventor Of The Market's Most Famous Recession Indicator Says 3 Factors Will Ensure A Coming Downturn Isn't Too Painful
fdemott@insider.com (Filip De Mott), Business Insider
Wed, 02/07/2024 - 12:48pm
Topics: screengrab/youtube campbell harvey research affiliates duke university treasury federal reserve fed funds business insider harvey fed inventor factors downturn recession indicator yield curve housing excessive debt inverted rates inflation market labor economic immediately today equity misreading rate mortgage price job levels economist demand wrote consumer trillion economy soft slowdown growth year massive chance scenario strength slow
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more