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A predictor with a perfect track record on the American economy is moving closer to signaling a recession
|06/18/2017||Posted by BusinessMediaguide.Com under General World News||
A key predictor of the health of the American economy is inching closer to signaling a recession.
The indicator in question is the US Treasury yield curve, a measure of the gap between short- and long-term interest rates. When it is steep — meaning it costs more to borrow money for the long term — that’s a good sign investors expect a quickly growing economy.
A flattening one suggests a slowing one. That’s what’s occurring now.