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

(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.

Recent

JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.

Morgan Stanley CEO to staff: Be back at New York headquarters by September

He said that if most employees are not back to work at the bank's Manhattan headquarters in September, he will be "very disappointed."

Portfolio Construction

Bob Doll Named CIO of Faith-Based Boutique Firm

Doll announced his retirement in March, but it didn’t take long for him to be lured back to the market as CIO of a faith-based asset management firm.

Crypto4Advisors

Where Does The Reddit Founder Keep His Money?

It shouldn't be surprising that Alexis Obanian is into crypto assets. But the pattern of his enthusiasm (and disdain) for various units is striking.

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Practice Management

Private Credit Could Spark Psychological Contagion, Barr Warns

The Trust Advisor

Inside Jack Schlossberg's Trust Fund Amid Political Campaign

FundFocus

Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

Companies

Bizarre Moment At Berkshire's Annual Meeting Spotlights Cyber Risk

Companies

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