While you were eating pot roast, we apparently entered into a recession
Huh?
Treasury yield curve inverts
Inversion is first since 2000, but there’s some doubt whether this signals recession.
LONDON (Reuters) – The yield on the benchmark 10-year Treasury fell below that of two-year notes early Tuesday, inverting the yield curve for the first time since December 2000 …
… Previous inversions have typically signaled a slowing economy or recession and debate has raged over what an inverted curve means in the current environment of robust growth and relatively subdued inflation.
On the bright side, if you have an interest-only adjustable-rate mortgage loan, your interest rate might go down. On the not so bright side, recessions usually bring layoffs. And, sometimes, locusts.
Complete article: Treasury yield curve inverts – Reuters
