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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‘Elderly person’ they worship called Tamil ‘barbaric’: Sitharaman slams DMK’s ‘hypocrisy’
Finance Minister Nirmala Sitharaman criticized the DMK for hypocrisy, citing their idolization of a figure who had previously insulted the Tamil language. Without naming him, she referred to Periyar, a prominent Dravidian movement leader. She also condemned DMK MPs for not condemning a cartoon depicting Prime Minister Narendra Modi in chains, stating that action will be taken against those responsible. Full Article
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