Yield Curve Inversion Signals Likely Recession in 2023; Poses Risks for Banks
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The yield curve has inverted, predicting upcoming economic recession.
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Inverted yield curve hurts bank profitability and balance sheets.
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Current inversion is the dangerous type - both short and long term rates rising.
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Recession likely in Q1 or Q2 2023, could last 9-12 months.
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Banks are at risk due to Fed interest rate hikes beyond stress test scenarios.