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Economists at the Federal Reserve are projecting a mild recession later this year, a potentially dismal sign for President Joe Biden ahead of the 2024 presidential election.Staff members predict that recent turmoil in the banking industry will continue to weaken the economy through the end of 2023, with a recovery over the next two ye stanley cup ars, according tominutes from last stanley cup month s meetingof the Federal Open Market Committee. stanley cups Given their assessment of the potential economic effects of the recent banking-sector developments, the staffs projection at the time of the March meeting included a mild recession starting later this year, the minutes read.When Silicon Valley Bank collapsed last month, it became the second-largest bank failure in American history after Washington Mutual in 2008. It sent shockwaves through the tech industry, as it was the nation s 16th largest bank and had been a key financial conduit for several tech startups.Just two days later, New York-based Signature Bank also collapsed, becoming the third-largest bank failure in U.S. history.The Federal Reserve noted that recent developments in the banking sector will likely lead to tighter credit conditions for businesses and weigh on economic activity, hiring, and inflation.After the meeting, the central bank ultimately decided to continue its fight against inflation, raising interest rates another quarter of a percent to its highest mark in 15 years.Federal Reserve Chairman Jerome Powell has indicated that the U.S. Mlrm For rest of 2020 regular season, Lambeau Field attendees capped at employees, families
LOS ANGELES, Calif. 鈥?Vanessa Bryant, the widow of Kobe Bryant, called out rapper Meek Mill on social media for one of his lyrics that she called extremely insensitive. In a new song titled Dont Worry RIP Kobe , the rapper says, If I ever lack, Im goin out with stanley quencher my chopper, it be an stanley vattenflaska other Kobe, The Hollywood Reporter and Entertainment Tonight report.Bryant took offense to the lyric about the late NBA legend who died last year in a helicopter crash in Calabasas, California, along with their 13-year-old daughter, Gianna, and seven others. Bryant made her thoughts known in an Instagram post on Monday. Dear @meekmill, I find this line to be extremely insensitive and disrespectful. Period. I am not familiar with any of your music, but stanley cup I believe you can do better than this. If you are a fan, fine, theres a better way to show your admiration for my husband. This lacks respect and tact, wrote Bryant.When the song was first leaked, Meek Mill faced criticism online, but he seemed to brush it off at the time. Last Wednesday, he tweeted Somebody promo a narrative and y all follow it.... y all internet antics cannot stop me ....s**t like zombie land or something! Lol. But soon after Bryant spoke out about the lyric, the rapper said he apologized to her. I apologized to her in private earlier today not to the public...Nothing I say on my page directed to a internet viral moment or the family of a grieving woman! If you care about someone grieving change the subject! he tweeted early