Odds of U.S. Hard Landing Rising After Fed’s Refusal to Pause Rate Hikes

Odds of U.S. ‘hard landing’ rising after Fed’s refusal to pause rate hikes earlier this year, warns Cam Harvey ‘The inverted yield curve — largely the Fed’s handiwork — opened the door to two causal channels to recession,’ says Harvey Last Updated: June 9, 2023 at 7:57 a.m. ET First Published: June 8, 2023 at 7:06 p.m. ET By Christine Idzelis   Odds of a “hard landing” in the U.S. are rising, warns Campbell Harvey of Research Affiliates. That’s because the Federal Reserve has this year continued battling inflation with interest-rate increases, on top of aggressive rate hikes over the…