RBA dep gov says not sure how much signal to take from inversion of US yield curve
Reserve Bank of Australia Deputy Governor Guy Debelle Q&A
- US yield curve is not the best signal of recession right now
- outlook for domestic infrastructure investment is pretty solid
Debelle's remarks will be in reference to those raising the point that the inversion may have more to do with reflecting anticipation of lower rates ahead due to economic weakness but not recession level weakness. Actually, I shouldn't speak for Debelle but that'd be my take on his comments.