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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...

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Market Turmoil: Stocks and Bond Yields Plunge Amid U.S. Recession Fears

 

In a dramatic turn of events, U.S. stocks and bond yields plummeted sharply on Friday as recession fears intensified following a disappointing jobs report. The latest data revealed an unexpected rise in the unemployment rate to 4.3%, sparking concerns about the health of the economy and the Federal Reserve’s monetary policy.

The labor market, which had shown resilience despite the Fed’s aggressive rate hikes, now appears to be weakening. This shift has led investors to reassess their expectations for future interest rate cuts. Traders are now betting on significant rate reductions for the remainder of the year, nearly doubling their previous estimates.

Treasury yields, which move inversely to prices, saw a sharp decline. The two-year yields hit their lowest levels since March last year, while the benchmark 10-year yields reached their lowest since December. The yield curve, which has been inverted for over two years, is now closer to turning positive, a historical indicator of an impending recession.

The bond market’s reaction underscores the growing anxiety among investors about the potential for a recession. The Sahm rule, an early indicator of recession, was triggered as the three-month moving average of the national unemployment rate rose by 0.53 percentage points. This rule has been a reliable predictor of economic downturns, adding to the mounting concerns.

As the market grapples with these developments, the Federal Reserve faces increasing pressure to adjust its policies to prevent a deeper economic contraction. The coming weeks will be crucial as investors and policymakers navigate this uncertain economic landscape.


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