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As Fed says on track, narrowing yield curve could complicate debate

Reuters  |  WASHINGTON 

By Howard Schneider and Ann SaphirWASHINGTON (Reuters) - Top U.S. Federal Reserve officials say a strong economy will likely keep their rate increase plans intact, but on Monday a key signal began to waver that may intensify debate about whether conditions are as solid as they seem.The gap in interest rates between 2-year and 10-year Treasury securities narrowed to its smallest in more than a decade, dipping below 0.15 percentage point.That gap, or "spread," is regarded as a particularly important benchmark among some central bank officials for gauging recession risk and weighing investor ...

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First Published: Tue, December 04 2018. 05:23 IST