The father of the "yield curve inversion": Top recession indicator now slowing down the economy

The creator of the yield curve inversion indicator pointed out that this recession indicator is now affecting the economy, usually occurring when long-term bond yields are lower than short-term bond yields. Duke University professor Harvey stated that this indicator has successfully predicted eight recessions since the 1960s, and the current inversion has lasted for about 20 months. Although the inversion of the yield curve prompts companies to make cautious investment decisions, Harvey mentioned that the Fed's tightening policy needs to be repaired through rate cuts. He believes that this indicator has the potential to help companies manage risks and assist in economic recovery, rather than leading to a severe recession