Nordea Bank: US recession is ten months away?

Nordea Markets analysts suggest that the US yield curve is indicating that the next US recession is ten months away.

Key Quotes

“The most important economic key figures are also within the range at which they have normally been ten months before a recession.”

“This is not a prediction of an upcoming recession, however, as most of the key figures are coincident at best.”

“A trigger is needed for the expected slowdown to become a recession.”