Well we don't get CNBC in the UK. I realise that I am probably missing something, so please explain why things would be better for you lot if all else were unchanged and the yield curve spontaneously steepened 100bps 2s-30s.
The yield curve became more inverted this week, with the negative differential between the 3-month and the 10-year at -49 basis points and a -76 basis point differential between the 10-year and the Feds fund rate. According to a Fed paper, that level of an inversion suggests there is now an over 40% probability of recession next year. This same model only predicted a 50% chance of recession in 2000, and as the paper authors acknowledge, the model probably understates risk in recent decades.