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What is a recession, and should Americans be worried?

Usa Russia county Wells city Fargo, county Wells Ukraine economy shock BURST
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Russian war in Ukraine, red-hot inflation and an increasingly hawkish Federal Reserve.Goldman Sachs, Deutsche Bank and Bank of America are among the firms predicting an economic downturn within the next two years, which could have serious implications for millions of Americans.

Recessions, which simply refers to two consecutive quarters of negative economic growth, are often characterized by high unemployment, low or negative GDP growth, falling income, and slowing retail sales.

They are notoriously difficult to predict. A recent analysis from Wells Fargo suggests that consumers should be on the lookout for a telltale sign in the yield curve.

If the slope between the 10-year Treasury yield and its 1-year counterpart invert, it could be evidence of an impending recession.

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Father and 9-year-old son killed in Wissinoming drive-by shooting, police say
Philadelphia police say a father and his nine-year-old son were shot and killed in a drive-by shooting in Wissinoming. WISSINOMING - Philadelphia police are investigating a drive-by shooting that killed a father and son in Wissinoming.Officials said police responded to calls for gunshots on the 2100 block of Carver Street Sunday night, just after 10:30.When police arrived, they found a 37-year-old man and a nine-year-old boy each shot multiple times while sitting in a vehicle.Philadelphia police investigate a drive-by shooting that killed a man and his nine-year-old son in Wissinoming.
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