March 26, 2018 / 9:33 PM / in 7 months

Flat 'yield curve' does not signal U.S. weakness: Fed official

PRINCETON, N.J. (Reuters) - The recent flattening of the yield curve, as longer-term bond market rates approached shorter-term rates, does not signal the U.S. economy could weaken, Cleveland Federal Reserve President Loretta Mester said on Monday.

FILE PHOTO - Cleveland Federal Reserve Bank President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. REUTERS/Gary Cameron

There is “no evidence” to draw this conclusion, she said at Princeton University, adding that “structural factors” such as years of bond-buying by the world’s major central banks likely play a bigger role in compressing the curve.

Reporting by Jonathan Spicer; Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below