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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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Commentaries

Bond King Doubles Down On Gold

This outlook on gold is based on Gundlach's bearish video on the U.S. dollar. "The dollar going down. That's the linchpin to everything, I believe."

Commentaries

Rate Hike Expectations Now Stretch To 2023 Or Even Beyond

Majority of economists polled predict the quarterly rate-forecast “dot plot" on Wednesday will show the Fed waiting another 1-2 years to tighten.

Commentaries

Reddit Traders Can't Get Past The Meme Stocks They Have

In another thread, FOMO quickly devolved into finger-pointing, recriminations and a plea to make common cause in the name of a quick buck.

Crypto4Advisors

Ken Moelis: Crypto Is A Gold Rush, Banks Need To Stock Picks And Shovels

“It’s a big market and there’s a lot of capital in there," the billionaire bank founder says. He's looking for the picks and shovels to sell.

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The Trust Advisor

Inside Jack Schlossberg's Trust Fund Amid Political Campaign

Practice Management

Private Credit Could Spark Psychological Contagion, Barr Warns

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

Companies

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

Washington Wire

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

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