The UK's energy partner.

Learn more at equinore.

Good morning from the newsroom of the Financial Times.

Today is Friday, August 23rd. Good morning from the newsroom of the Financial Times.

Today is Friday, August 23rd.

And this is your FT news briefing.

The US yield curve inverts again,

this time after hawkish commentary from Fed officials.

Early backers of Facebook's digital currency are looking to distance themselves from the venture.

And Brazil's environment minister says that monetizing the Amazon rainforest will stop illegal logging.

Plus the FT's Victor Mallet previews what might come out of this weekend's G7 summit.

I'm Mark Filipino, and here's the news you need

to start your day.

For the third time this month

in what is regarded as the harbinger of a recession,

the yield on the two-year Treasury bill at one point jumped above that of the

benchmark 10-year note on Thursday. The latest inversion of the U.S. yield curve highlighted fears

among bond market investors the Federal Reserve won't cut its benchmark rate,

at least not fast enough to shield the U.S. economy from slowing global growth. The inversion of the

yield curve has occurred before every US recession of the past 50 years. The move came as

Fed officials joined the world's central Bankers in Jackson Hole, Wyoming for the annual meeting of monetary policy makers.

And the presidents of the Kansas City and Philadelphia Fed on Thursday said they didn't see much of a reason for additional

...