Economists are generally hopeless at forecasting recessions. By contrast, the U.S. yield curve has a formidable record, so the narrowing gap between two- and 10-year yields grabs attention. It isn’t the only number that matters, though.
WSJ.com: Heard on the Street, Wall Street Journal: Markets: Heard on the Street
Thu, 12/14/2017 - 8:55am
Economists are generally hopeless at forecasting recessions. By contrast, the U.S. yield curve has a formidable record, so the narrowing gap between two- and 10-year yields grabs attention. It isn’t the only number that matters, though.