A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity.
Two-year Treasury note yields rose above those of the 10-year for the first time since August 2019, inverting a portion of the yield curve monitored closely by Wall Street and policymakers. Inversions typically signal malaise about the economy’s long-term growth prospects and have preceded every US recession in the past 50 years.
Typically, a recession has followed in the two years after an inversion of this measure of the yield curve.
您已阅读18%（631字），剩余82%（2799字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。