Interest rates are complex-adaptive-system outputs. The Fed does not control them. So how do yield curves predict recessions?
Then what is the federal funds rate?
that is thoroughly detailed in The Fed, Part 4 here:
https://backthebunny.substack.com/p/the-fed-part-4-the-federal-reserve
Then what is the federal funds rate?
that is thoroughly detailed in The Fed, Part 4 here:
https://backthebunny.substack.com/p/the-fed-part-4-the-federal-reserve