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As the U.S. Federal Reserve attempts to bring inflation down from 40-year highs, banks have ramped up projections of interest rate hikes, and some shorter-dated bond yields surged higher than longer term ones.
Here is a quick primer on what a steep, flat or inverted yield curve means and how it has predicted recession, and what it might be signaling now.

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25. On a weekly basis, it was down 1.24%, following a 1.45% decline the previous week. At 3:10 p.m. Eastern time (1910 GMT), the dollar was down 0.059% at 101.66.
"We continue to think that the best of the broader USD rally is behind us now and while the USD may not fall significantly yet, further gains seem unlikely," strategists from Scotiabank said in a client note.