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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Israel to ‘take control’ of Gaza City, sparking wave of criticism
Israel's military plans to "take control" of Gaza City, a move criticized by both domestic and international entities, including Germany, which halted military exports to Israel. Prime Minister Netanyahu's strategy aims to defeat Hamas while providing humanitarian aid, but faces backlash from opposition leaders and fears of worsening conditions for Gaza's residents amid ongoing conflict and famine concerns. Want More Context? 🔎
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