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From the Desk of Kelly Evans: The long, long wait for recession 2/17/23

The Exchange

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Inverted Yield Curves Are Getting Worse

The yield-curven version has just gotten even worse. The only real way out of this would be if the Federal Reserve quickly changed course and started cutting interest rates. Remember, recessions occur after the economy has peaked. What does peak feel like? It feels like a peak. Just as the long descent is about to begin.

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