Fed Puts Positive Spin on Wall Street's Trusty Recession Signal
- December meeting minutes revealed lengthy yield curve debate
- Projections show yield curve inversion may be part of the plan
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Is an inverted yield curve the same old trusty recession signal Wall Street has come to lean on over the decades, or is it just part of the Federal Reserve’s plan to avoid one next time around?
Fed officials are split on the question, according to a record of their December policy meeting published Wednesday. The account revealed a lengthy discussion about the recent shrinking of the spread between short- and long-term market interest rates.