This should be expected. Given rising FED rates over the last year+, as well as QT (quantitative Tightening, which undoes the QE in place for nearly a decade),

This should be expected. Given rising FED rates over the last year+, as well as QT (quantitative Tightening, which undoes the QE in place for nearly a decade), these actions are - and this is key - reducing the money supply. It is the reduction of money supply that causes deflation (and therefore lower rates). Technically, a yield curve inversion is an expectation of lower rates in the future, not necessarily lower growth. This is actually extremely important, but widely misunderstood: You can have growth with deflation (and likewise, recession with inflation). To make that point clear, a yield curve inversion is an expectation of interest rates, not necessarily an expectation of lower growth. I expect this will cause all sorts of arguments, but the math is clear. I'll quote the Mises Institute [0] on this: For instance, if the money supply increases by 5% and the quantity of goods increases by 10%, prices will fall by 5%. [0] - https://mises.org/wire/central-banks-shouldnt-fight-deflation https://mises.org/wire/central-banks-shouldnt-fight-deflatio...