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Fed’s Williams says the yield curve isn’t a magic ‘oracle’ for predicting a recession

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New York Federal Reserve President John Williams, addressing a key market concern about the future, said the move of near-term bond yields above their longer-duration counterparts is only one consideration when determining what the economy will look like in the future.

The inverted yield curve is not “an oracle,” he said Thursday during a question-and-answer session with CNBC’s Steve Liesman.

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