Here's your summary from Yield Curve Inversion Hits New Record | Presented by CME Group (https://www.youtube.com/watch?v=8RpL8TA3e14) on the Bloomberg Television channel:
**TLDR:** The US yield curve inversion hit a new record, indicating a potential recession, but the timing of the recession's onset is unpredictable.
1. The US yield curve, measured by 2-year versus 10-year rates, set a new record for the longest time period spent in inversion.
2. Yield curve inversion is a reliable indicator of an upcoming recession, but it does not provide a clear timeline for when the recession will begin.
3. The Federal Reserve typically responds to economic risks by quickly cutting short-term rates, which can normalize the yield curve in a short time period.
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