Former Federal Reserve Chairman Janet Yellen said the yield curve inversion is a 'less good signal' of an eventual recession.
Markets should place less weight on this yield curve inversion, former Federal Reserve chair Janet Yellen said Wednesday.
The bond market's main yield curve inverted on Wednesday, worrying investors that a recession is coming.Former Federal Reserve Chairman Janet Yellen said the markets may be wrong this time in trusting the yield curve inversion as a recession indicator. . "The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields."was at 1.623% on Wednesday, below the 2-year yield at 1.634%, causing the bond market's main yield curve to invert and send markets plummeting. The bond market phenomenon is histrionically a trusty signal of an eventual recession; however, Yellen said this time may be different.
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