Powell's Actions Deepen US Curve Inversion by 1%

The yield curve in the US has inverted by one percentage point, the most since March, after Federal Reserve Chair Jerome Powell signaled policymakers may keep pushing interest rates higher. The two-10 segment of the yield curve has inverted before each of the past five US recessions. The inversion of the two-10 spread had widened to 111 basis points on March 8, the most since the 1980s, before narrowing later that month as the collapse of several US regional lenders fueled concern a potential banking crisis would convince the Fed to start cutting rates.