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Fed Dissenters Speak Out: 'The Next Rate Change Could Be Either A Cut Or A Hike'

by The Wealth Advisor Contributor
(Yahoo! Finance) - Three Federal Reserve officials offered insight about why they dissented at this past week’s meeting over the central bank’s bias toward cutting interest rates.The policy statement released by the Federal Open Market Committee following the April 29 meeting said officials will consider the extent and timing of “additional adjustments” to interest rates.

Featured

China's Rare Defiance Of US Sanctions Sparks Showdown Over Banks

(Bloomberg) - China has ordered companies to defy US sanctions for the first time, a step that threatens to put its banking sector into the crosshairs of competition between the world’s largest economies.

Current Earnings Strength Being Driven By Capital Investment In Artificial Intelligence

It comes down to earnings durability and breadth.

Tax Alpha, Total Customization, and Five Minutes a Quarter: Alpha Vee Makes the Case for Direct Indexing

Every advisor has a version of the same pitch conversation.

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Economy

NY Fed's Williams Warns Of 'Significant And Unpredictable' Risks To Economy From Iran War

(Yahoo!

Companies

Bizarre Moment At Berkshire's Annual Meeting Spotlights Cyber Risk

(Yahoo!

FundFocus

Global Oil Stocks Are Approaching Their Lowest Level In Eight Years Says Goldman Sachs

Global oil inventories are approaching their lowest levels in nearly a decade, a development that warrants close attention from wealth advisors assessing macro risk and portfolio positionin

Washington Wire

Bessent Says US Is ‘Suffocating’ Iran With Oil Industry Creaking

Treasury Secretary Scott Bessent said the US is “suffocating” Iran with economic and financial pressure, suggesting that the rulers in Tehran will eventually buckle. “We are running a marathon over the past 12 months and now we are sprinting toward the finish line,” Bessent said Sunday on Fox News’ Sunday Morning Futures. “They are not able to pay their soldiers. This is a real economic blockade.”

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Inside Jack Schlossberg's Trust Fund Amid Political Campaign

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The Only Number That Matters For 'Magnificent 7' Earnings This Week: Morning Brief

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Microsoft Beats But Expectations Were Steep

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