‘The inflation rate clearly is the one that is lacking progress… so I’m going to lean on one rate cut,’ Gundlach said. ‘I don’t think it’s coming in June.’
Category: Finance News
Fed keeps rates steady as it notes ‘lack of further progress’ on inflation
With the decision to hold the line on rates, the committee noted a “lack of further progress” in getting inflation back down to the central bank’s 2% target.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March.
Stocks making the biggest moves midday: Super Micro Computer, Starbucks, Pfizer and more
These are the stocks posting the largest moves in midday trading.
Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The new platform will be called BlackRock Riyadh Investment Management, or BRIM.
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions.
Stocks making the biggest moves premarket: Pfizer, CVS, Amazon, Starbucks and more
These are some of the stocks posting the largest moves in early hours trading.
NYCB shares jump after new CEO gives two-year plan for “clear path to profitability”
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.