The Fed is thinking about throwing out a key recession indicator

Carolyn Kaster/AP The Federal Reserve is getting hawkish. The spread between the two-year and the 10-year yields approaching zero. As that happens, the Fed has begun the process of throwing out the indicator. This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it’s replacing the yield curve. In the minutes of the FOMC meeting on June 12 and 13, released this afternoon, there was a doozie, obscured somewhat by the dynamics of tshe rate hike ...