One Fed official suggested on Friday delaying a December rate hike, the first to do so

St. Louis Federal Reserve bank president James Bullard said on Friday that the central bank could consider postponing its widely anticipated December rate hike because of an inverted yield curve.

Bullard is the first member of the Fed to speak publicly about a delay in December. The Fed president, while not a Federal Open Market Committee voter in 2018, he will be able to in 2019.

The so-called yield curve partially inverted on Monday, with short-term 2-year Treasury yields exceeding longer-term 5-year Treasury yields. It remained partially inverted Friday afternoon. A negatively sloped yield curve is often heralded as a sign of economic recession, though the time between inversion and GDP downturn has varied widely.

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