Part 3/8:
Despite the steepened yield curve, current U.S. economic indicators display strength. GDP growth hovers around a healthy 2%, the job market remains robust, and the stock market reaches unprecedented highs. These factors seemingly contradict the traditional associations made between steepening yield curves and recessions.
This raises an essential question: Is it time to reevaluate the yield curve's historic accuracy as an indicator of economic downturns?