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What the yield curve is signaling about the US economy
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What the yield curve is signaling about the US economy

Edward Harrison
Jun 21, 2019
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Today, we saw a nice pop in equities on the back of a dovish Fed and falling interest rates. Equities moved to new highs as a result. But, clearly, falling yields are a sign of economic distress that one might think would cause equity investors to run for cover. What gives?

Here's my answer.

The Fed's forward guidance

I am going to start with the Fed here,…

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