The U.S. dollar extended its rapid climb Thursday, reaching multiyear highs against the euro, the British pound and the yen
Related Video: An inversion of the U.S. Treasury yield curve has been seen as a recession warning sign for decades, and it looks like it is about to light up again.
WSJ’s Dion Rabouin explains why an inverted yield curve can be so reliable in predicting recession and why market watchers are talking about it now. Illustration: Ryan Trefes
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