Wall Street's favorite recession gauge has been flashing for 16 months, but the other key ingredient of a downturn is nowhere to be seen

• 12/28/2023, 10:32 AM
• businessinsider.com

Peter Zelei Images/Getty Images

The most closely watched gauge of a coming recession has been pointing to a downturn for almost a year and a half, with Wall Street scratching its head over the conflicting signals of the inverted yield curve and a persistently strong economy.