With two comments this morning that seemingly fly in the face of all common-knowledge, Fed’s Dudley offered a hawkish tone that sparked selling pressure in stocks and bonds even as USDJPY spikes.
Dudley proclaimed first that an inverting yield curve is not a problem…
FED’S DUDLEY: FLATTENING YIELD CURVE NOT A NEGATIVE SIGNAL FOR U. S. ECONOMY
Which is odd because every time the curve has flattened this dramatically, the US economy has gone into recession..
This post was published at Zero Hedge on Jun 19, 2017.