Another closely watched recession alarm is ringing

At times Tuesday and throughout much of Wednesday, another segment of the curve also inverted, with the three-month yield inching above the 10-year yield. Since the late 1960s, this part of the yield curve has inverted roughly a year before the start of a recession, with a range of six to 15 months, according to calculations by Arturo Estrella, an early proponent of the predictive power of the yield curve.

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