Fed’s Bullard says only a ‘sustained’ bond inversion would be a bearish signal


The inversion of portions of the Treasury bond yield curve this week “would have to be sustained over a period of time” to be taken as a “bearish” signal for a U.S. economy that continues to grow, St. Louis Federal Reserve President James Bullard said on Thursday.

With economies slowing overseas “you have this flight to safety going on,” that is pushing down U.S. rates even though U.S. economic growth is “reasonable,” Bullard said in comments on Fox Business Network that seemed to discount the degree to which recent market volatility may figure into the Fed’s next decision on interest rates.

Investors will be listening closely to Fed officials in coming weeks for insight on whether…


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