Yes, the headlines report inflation, price increases are lower the last few months. Problem is, the bond market does not believe it. The ten-year Treasury note yield is the most quoted in the press. It bottomed intra-day February 2 at 3.33%. Today two weeks later it has risen to 3.9%. The two-year yield fell to 4.2% and now has risen to 4.6% in the same frame. This means the yield curve remains inverted. Short rates are higher than long rates showing concern over rate increases. This has preceded a recession in every instance since the end of WW II.
