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Caroline Baum: How the bond market could upend the Fed' best-laid plans
The yield curve spread -- the difference between long-term interest rates and short-term rates -- is the best predictor of recessions. When the spread is negative, a recession typically follows. Unless long-term interest rates start to rise, the Federal Reserve's prescribed path for the federal funds rate over the next two years will
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Posted: December 23, 2015 Wednesday 06:03 AM