Inverted yield curve?

Another factor that may slow down the Fed is the shape of the U.S. Treasury yield curve. With short term rates pressing closer to 10-year T-note rates (especially if more rate hikes occur), this could be additional impetus to slow down the Fed.

“The Fed is disinclined to invert the yield curve at this juncture,” Glassman says. “If you go back over the past 50 to 100 years, central banks don’t push short-term rates above long-term rates unless there is a clear and present inflation danger.”