This is the longest in US history the yield curve has been inverted. Typically, interest rates are higher for longer terms, think a 36 month car loan vs an 84 month car loan. Recently, the 3 month yield has been higher than the 10 year yield. Any yield curve inversion is typically followed by a recession. The longer and deeper the inversion, the worse the recession.
It's delusional to think we just have a soft landing and the economy never contracts. The plant closures, layoffs, and hiring freezes will continue.