When short-term interest rates rise above long-term interest rates, economists call it an “inverted yield curve”, and it’s said to be an accurate indicator of an oncoming recession. A few weeks ago, the yield gap narrowed to only .5%. In the past, this has directly preceded a recession,… Read more »

    In the March 2018 edition of the US Employment Situation, economist Bruce Steinberg examines changes in wages and salaries in recent years. “… the expansion of  the economy — GDP continues to increase — is likely driven by productivity increases despite the overall labor shortages. Although wages and… Read more »