The Fed’s Yield-Curve Problem – WSJ

For some forecasters, the inversion of the yield curve has been a certain signal a recession is coming. For the Federal Reserve, it may flip into a unique type of drawback.

Fed coverage makers on Wednesday left their goal on in a single day charges at a variety of 5.25% to five.5%, holding it at its highest degree in additional than 20 years. However a dovish postmeeting assertion that acknowledged inflation’s cooling development—and coverage maker forecasts of decrease charges by the top of subsequent yr—recommended easing is likely to be coming sooner slightly than later.