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Recession Probability At 40-Year High, Treasury Yield Curve Goes Wild Amid Debt Ceiling Crisis
Friday, May 12, 2023 - 4:32pm | 498The probability that the U.S. economy will enter a recession within the next year has increased to 68.2% in April. That's the greatest level since late 1982, according to the Federal Reserve Bank of New York. The model employs the U.S. Treasury yield curve, and specifically the spread between...