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Economic Commentary

Monthly Review: Is the yield curve inverted?

April 12, 2022
illustration of graph depicting market volatility

Here’s a preview of the Monthly Review for April 2022:

March was another great month for job and labor force growth, while firms faced new or renewed supply chain threats. Additionally, while an inversion of the yield curve between the 2- and 10-year Treasury notes is often viewed as a leading indicator of recession, are things different this time? And other yield curves, that may be more accurate predictors of a downturn, are not yet flashing red.

Economic Review

• Is the yield curve inverted? Which one? Does it matter? (pg 4)

Financial Markets

• Lots of cross-currents; lots of volatility (pg 5)

The Outlook

• A tightening cycle in reverse (pg 6)

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