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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Japan’s minority gov’t faces election setback over inflation, immigration | Elections News
Japan's minority government, led by Prime Minister Shigeru Ishiba, faces a critical upper house election, needing to secure 50 of 66 contested seats to maintain its majority amid rising inflation and voter discontent. The upstart populist party Sanseito is gaining traction by addressing immigration concerns, potentially complicating the LDP's political strategy as it navigates challenges from opposition parties and looming trade negotiations with the U.S. Explain It To Me Like I'm 5: Japan's government, led...
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