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Market Extra: Here are three times when the Fed denied the yield curve’s recession warnings, and were wrong

After the yield curve’s most widely monitored measure inverted in March, members of the Federal Open Market Committee were quick to play down the warnings offered by the bond-market recession indicator.

The litany of dismissive remarks comes amid concerns from market participants that an economic downturn would force the central bank’s hands, and push it to cut interest rates to end the current hiking cycle. In recent weeks, members of the Federal Open Market Committee including Mary Daly, Robert Kaplan and Charles Evans have all publicly looked past the economic significance of the inversion, with some citing the fall in the terminal interest rate for the subdued level in long-dated bond yields.

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