US yield curve: When will we learn? - ANZ
|According to Richard Yetsenga, chief economist at ANZ, assessments of the US yield curve risk being too dogmatic.
Key Quotes
“We don’t think the US will have a recession, but the flattening in the curve needs to be accommodated by policy.”
“If the curve doesn’t steepen, bank lending standards are likely to tighten further, and lending growth weaken.”
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