by Mish Shedlock, Mish Talk:

Yields keep rising and most Fed members are itching for more hikes, recession or not.

The yield curve chart above is easy to read and understand. The curve from 1 year through 7 years is inverted with the long end of the curve.

The curve has been inverted in places for over a year. This is a recession signal and I believe the economy went into recession in May.