3 ms·
>See also: https://fred.stlouisfed.org/series/T10Y2Y/ https://fred.stlouisfed.org/series/T10Y2Y/ The grey areas are recessions This chart shows (part of) the y
by fauigerzigerk 3y ago
>See also: https://fred.stlouisfed.org/series/T10Y2Y/ https://fred.stlouisfed.org/series/T10Y2Y/ The grey areas are recessions
This chart shows (part of) the yield curve, not the Fed funds rate.
Did you mean to show this?
https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS
- spqrr 3y agoI guess that would have been more correct, yes. It shows the same pattern in any case.
- fauigerzigerk 3y agoWhat it shows is that the Fed starts cutting rates shortly before or shortly after a recession begins, exactly as you would expect. In some cases they started raising again too early and had to backtrack.