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The Fed's Favourite Recession Signal

The curve slope with the best forecasting record (Estrella-Mishkin) and the NY Fed model input.

The Fed's Favourite Recession Signal
Source: Federal Reserve (FRED) · T10Y3MData through July 2026 · Updated Jul 14, 2026

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Chixan (2026). The Fed's Favourite Recession Signal. Federal Reserve (FRED). https://chixan.com/charts/rates/us_yield_curve_3m10y/

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