Pushin’ Too Hard? US Treasury Yield Curve Inverts To -45 Basis Points (Most Inverted Since 2000) Despite Senate Passing “Inflation Reduction” Boondoggle

by confoundedinterest17

Is The Federal Reserve pushin’ too hard on raising their target rate?

The US Treasury 10Y-2Y yield curve descended further into inversion, signaling impending recession.

The US unemployment rate (U-3) tends to be the lowest when the 10Y-2Y yield curve inverts, then explodes when recession strikes.

The spread between the Bankrate 30-year mortgage rate and the Bankrate 5/1 ARM rate widened to 139 basis points.

This is happening as The Fed is expected to keep raising their target rate (yellow line) and the US Senate passed its massive “inflation reduction” boondoggle that is expected to NOT reduce inflation, but raise taxes on the middle class and low-wage workers.