Is An Economic Recession on the Near-Term Horizon?
The 10-Year and 2-Year Treasuries briefly inverted last week – A common recession signal
The inversion is not full proof and the more reliable 3-Month vs. 10-Year spread is much wider
Aggressive Fed policy to curb inflation, raises risk of potential inversion
Investors should instead focus on long-term economic and CRE demand drivers
Rising inflation and interest rate volatility are greater short-term risk factors