Fed's Bostic downplays warning signal from inverted yield curve
Bostic in Tennessee:
- It's important for US to stay grounded in real economy
He has a point about the yield curve. With the ECB and others at zero and below; plus with trillions on the Fed' balance sheet, there is a decent argument that bond market signals are skewed. As a trader, I wouldn't bet against the bond market but it's not irrational thinking.