The difference between interest rates on long Treasuries and the fed funds rate looks likek a useful economic indicator; if so, 1989's "soft" landing may be harder than many hoped for.
Register to receive email alerts when new issues are published.
Robert D. Laurent
Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322
Copyright © 2017. All rights reserved.