May 14, 2018 / 4:01 PM / 2 months ago

Fed's Bullard says U.S. yield curve might invert by early 2019

NEW YORK (Reuters) - The U.S. yield curve could invert later this year to early 2019, St. Louis Federal Reserve James Bullard said on Monday, in a market move in which short-term U.S. interest rates rise above longer-term bond yields and which has preceded recent U.S. recessions.

With the risk of a curve inversion, there is no need for the U.S. central bank to quicken its pace of increases on short-term rates, Bullard told reporters after his speech on cryptocurrencies at the CoinDesk Consensus 2018 conference.

Reporting by Gertrude Chavez-Dreyfuss, Writing by Richard Leong; Editing by Chizu Nomiyama

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