Tag: Whats
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Drug overdose deaths fall for 6 months straight as officials wonder what’s working
After years of rising, the tide may finally be turning on deadly drug overdoses in America. Drug overdose deaths fell 12.7% in the 12 months ending in May, according to preliminary data released Wednesday by the Centers for Disease Control and Prevention. “This is the largest recorded reduction in overdose deaths,” White House officials said…
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The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving higher, particularly at the long…