Rates Will Substantially Come Down, Predicts UBS
US poised for significant economic shift in 2024 it's likely to enter recessionary phase. Downturn will necessitate reductions in interest rates.
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According to the Penn Wharton Budget Model US Has 20 Years to Faces Debt Issue
Without significant policy changes U.S. risks unavoidable default on its debt. The study focused on the $26.3 trillion of U.S. debt held publicly.
Empower Requests Labor Dept. to Withdraw Revision of ERISA Fiduciary
Empower formally requests the withdrawal of the department's latest proposal that seeks to revise the definition of an ERISA fiduciary.
US House Judiciary Committee Advances Probe Into ESG Funds
House Judiciary Chair Jim Jordan extended probe to Vanguard another significant asset management firm which also includes BlackRock and State Street.
The Business Issues That Got Pushed Aside During Washington’s Year of Dysfunction
As Washington begins to empty out this week, Congress is set to leave a remarkably long menu of business world items on the table.
SEC Adopts New Rules for Competitive Trading and Efficiency
On December 13th, the Securities and Exchange Commission (SEC) made a significant move to enhance the stability of the $26 trillion Treasury market.
Powell May Hope for Replay of Fed Circa 1995 Even as He Shuns "Victory"
As victory celebrations go, the Federal Reserve's announcement of a quarter point interest rate cut in July of 1995 was hardly ostentatious.
