Despite a slowing economy, RSM Chief Economist Joe Brusuelas tells Bloomberg radio that “a recession is just not in the cards this year” unless the administration or the Federal Reserve “makes a major mistake.”
Brusuelas was responding to questions about a March 22 inversion of the yield curve, a much-watched economic indicator that some economists say can signal a recession. The yield curve shows several interest rates across different contract lengths for a similar debt contract. To get a more accurate reading in the current economy, Brusuelas says investors need to look at risk-neutral yields.
Listen to the full six-minute interview, hosted by Bloomberg’s Lisa Abramowicz and Paul Sweeney.
For more economic outlook, check out The Real Economy.