The US yield curve puzzle

Three months ago, when the Fed had plans to continue hiking its key policy rates, a frequent concern was that this monetary policy would reverse the yield curve and, as a result, trigger a recession. Since then, the Fed has become as accommodating as possible by abandoning rate hikes and not reducing its balance sheet much further. However, the curve is flatter today than in December and a larger portion is even inverted. Has the risk of US recession increased? This is the conclu...