The US curve inversion has already begun – DiMartino Booth

At last check, the most-watched spread in the world – that between the 2-year and 10-year Treasuries – had flattened to 54 basis points, or hundredths of a percentage point. Yes, Virginia, tariffs do lead to economic slowdowns.

And yet, the Fed seems intent to keep hiking. That’s what happens when wage inflation appears to be building, which is exactly what was communicated in the latest jobs report that showed workers are finding jobs at the fastest pace in nine years. The easier it is to ge...

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