Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause
Fed officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift.
Fed officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift.
The market melt-up continues its run a week before the Fed's next rate hike decision.
Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months.
BofA CEO Brian Moynihan said on Wednesday that an increase in capital ratios for banks will lead to lower lending capacity for lenders.
Recent decisions on bid-rigging and college admissions scandals could be a precedent in cases of alleged financial crime.
Sens. Elizabeth Warren, Edward Markey, Ron Wyden and Mazie Hirono demand Twitter answer their FTC compliance questions.
Treasury Secretary Janet Yellen said she’s “very supportive” of the agency using its enforcement powers.