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Yield curve not reliable U.S. recession indicator: Trump adviser
Source: Reuters
BUSINESS NEWS JANUARY 4, 2019 / 4:17 PM / UPDATED 20 MINUTES AGO
Yield curve not reliable U.S. recession indicator: Trump adviser
WASHINGTON (Reuters) - The U.S. Treasury yield curve is not currently a reliable recession indicator because quantitative easing has depressed yields on the long end of the curve, a top White House economic adviser said on Friday.
“When the yield curve inverts then that usually is a sign that there’s a recession coming,” Kevin Hassett, chairman of the White House Council of Economic Advisers, told CNBC. “But right now, I think the yield curve is a really difficult signal to read because the back end of the curve is still being impacted by quantitative easing.”
Reporting by Eric Beech; Writing by Tim Ahmann; Editing by Leslie Adler
Yield curve not reliable U.S. recession indicator: Trump adviser
WASHINGTON (Reuters) - The U.S. Treasury yield curve is not currently a reliable recession indicator because quantitative easing has depressed yields on the long end of the curve, a top White House economic adviser said on Friday.
“When the yield curve inverts then that usually is a sign that there’s a recession coming,” Kevin Hassett, chairman of the White House Council of Economic Advisers, told CNBC. “But right now, I think the yield curve is a really difficult signal to read because the back end of the curve is still being impacted by quantitative easing.”
Reporting by Eric Beech; Writing by Tim Ahmann; Editing by Leslie Adler
https://www.reuters.com/article/us-usa-economy-recession/yield-curve-not-reliable-u-s-recession-indicator-trump-adviser-idUSKCN1OY1XN
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