Trading volume surged this week in a corner of the fed funds futures market.
Goldman Sachs Group Inc. and Citadel Securities each reached multimillion-dollar settlements with the SEC.
The Fed made it clear this week that it sees interest rates staying higher for longer. That is not good news for beleaguered banks
Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession.