The Yield Curve Normalization Head Fake

The Yield Curve Normalization Head Fake

DOWNLOAD PDF
Drew T. Matus Tani Fukui Shan Ahmed
DEC 18, 2023
The Yield Curve Normalization Head Fake
DOWNLOAD PDF

We recommend

The Final Countdown?
Ballooning Treasury Issuance and
The Rising U.S. Debt

Economic Monthly
Labor Market: On the Precipice?

As we sit at the end of a surprisingly buoyant year, and a surprisingly spendthrift consumer, we look toward a hard landing in the first half of 2024 as the Fed’s rate hikes come to bear. As 2023’s unfinished business—recession, inflation, yield curve normalization, and the absorption of a higher rate environment—gets resolved, we expect more benign conditions to begin to take hold toward the end of 2024.