A steeper yield curve is required for commercial banks to continue lending at rates similar to previous periods; if the Fed raises rates but the curve remains flat or inverted, banks will face margin compression and may reduce lending volumes.
causalpending
Speaker
Michael HowellEvidence Quote
“you'd really need a steeper yield curve. And that may not be possible in the environment you're saying.”
Source
Massive Liquidity Shock Coming; Brace For 'Wrecking Ball' Warns Economist | Michael Howell— David LinCreated: 8/12/2026, 6:46:58 PM
My Notes
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