The inverted yield curve means that a recession is still likely, the indicator's inventor wrote this week.
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AdvertisementThe 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.
"The yield curve indicator suggests growth will substantially slow in 2024.
On the business side, past experience with the inverted yield curve has led entities to take preventive action when Treasury rates flip.
Persons:
—, Campbell Harvey, Harvey
Organizations:
Service, Duke University, Federal Reserve, Fed