US yield curve: When will we learn? - ANZ

According to Richard Yetsenga, chief economist at ANZ, assessments of the US yield curve risk being too dogmatic.

Key Quotes

“We don’t think the US will have a recession, but the flattening in the curve needs to be accommodated by policy.”

“If the curve doesn’t steepen, bank lending standards are likely to tighten further, and lending growth weaken.”