US: have all of the risks really disappeared?

Last summer, the yield curve inverted, triggering panic about the outlook for the US economy. Having reverted to a normal position, the curve recently inverted once again… but optimism prevails. Why? First, because trade tensions have eased. Second, all the signs are there that the Fed is set to maintain an accommodative policy and may even loosen its policy if necessary (the latest reason is the uncertainty linked to the coronavirus epidemic). Third, the robust nature of househo...