According to ANZ analysts, the US yield curve has inverted, raising fears that a recession is around the corner.
Key Quotes
“Although the yield curve’s track record as a predictor of recession is good, a number of other indicators suggest that there is still life left in this cycle.”
“It is hard to knock the US economy over unless the household is derailed. The latter doesn’t seem likely as its balance sheets are healthy and a solid labour market is providing a good backdrop for incomes.”
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