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Powell Hints At November Pause, Hike On Horizon

Powell stressed in his speech that "given the uncertainties and risks, and how far we have come, the committee is proceeding carefully." That was a sign the central bank would not push rates higher at its next meeting in November.

Morgan Stanley: Buy Bonds At 5%

While Khanduja is eyeing 5% as a decent entry point, he also has a steepener trade among his favored bets. Morgan Stanley Investment is positioned for the yield curve between the two and 10-year bonds to steepen.

Dan Och Sues His Own Hedge Fund To Protest Merger

Och, who left New York-based Sculptor in 2019, said in a statement that he wants a Delaware judge to halt the buyout until a rival group led by Saba Capital Management’s Boaz Weinstein is able to present its higher bid to shareholders.