The Federal Reserve is concerned about a possible recession as the 10-year Treasury yield fell below the 3-month note, creating an “inverted yield curve,” known for predicting downturns. This indicator has been reliable over the years, with the New York Fed providing updates on the relationship and recession probabilities. The recent shift in the yield curve suggests a higher likelihood of a recession, as it anticipates future Fed rate cuts in response to an economic slowdown.
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Florida State Rep. Joe Casello dies after having heart attack, state officials confirm
Florida State Rep. Joe Casello passed away at 73 due to a heart attack, surrounded by family. Previously a firefighter, he served as a city commissioner and was elected to the state legislature in 2018, with plans to run for the Palm Beach County Commission in 2026; a private ceremony will be held in Massachusetts, and a public memorial service is forthcoming. Explain It To Me Like I'm 5: Florida state Representative Joe Casello passed...
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