The US Treasury 10Y-2Y yield curve is descending further into darkness (aka, inversion).
The 10Y-2Y yield curve hit the worst inversion since 2000 as the curve slope hit -47.7 basis points, inverting another -2.267 basis points today.
Yes, the 10Y-2Y Treasury yield curve is SCREAMING RECESSION.
(Bloomberg) – Prashant Gopal – The supply of homes for sale across the US grew at a record rate last month, another sign that higher mortgage costs are cooling down the housing market.
The number of active listings nationwide jumped 31% from a year earlier, a record-high increase for a third straight month, according to a report Tuesday by Realtor.com.
And according to Redfin, stale inventory is accelerating.
The Federal Reserve is no friend of the US middle class and low wage worker.