Yield curve flattens
The Fed is hiking in two weeks as a trade war brews and inflation remains stagnant. Today the Dallas Fed trimmed mean one-month annualized inflation was 1.7%, following months of 1.5% and 1.4%.
I'm not sure technical analysis on yield curves is my cup of tea but a fall below 40 bps with the Fed pushing up the front end doesn't leave much breathing room.
Earlier today, Brainard brushed off inverting the yield curve.
