Just go read the Fed's meeting notes. > Several participants also noted that the slope of the Treasury yield curve was unusually flat by historical standards,

Just go read the Fed's meeting notes. > Several participants also noted that the slope of the Treasury yield curve was unusually flat by historical standards, which in the past had often been associated with a deterioration in future macroeconomic performance. https://www.federalreserve.gov/monetarypolicy/fomcminutes20190130.htm https://www.federalreserve.gov/monetarypolicy/fomcminutes201... (I don't think the latest notes have been released yet, so these are from earlier this year.)