Here’s a sneaky way to play the Fed’s rate increase
Related Stories
AI Buildout Hits Inflation as Fed Hikes Rates
Stephanie Aliaga, Global Market Strategist at JPM Asset Management, reacts to Fed Chair Warsh's remarks after raising interest rates. She argues that while oil prices are a long-term driver of inflation, the AI buildout is also having a significant impact. She argues slowing the AI frontier will help with adoption, and ultimately boost productivity.
DoubleLine’s Shinoda: I Think the 10-Year Goes Higher
Ken Shinoda of DoubleLine Capital said the Fed’s unanimous rate hike was largely in line with market expectations, noting that traders had already priced in a better-than-90% chance of a move. He pointed to the reaction in Treasuries as evidence that the market believes more tightening may still be needed, with the 10-year yield slightly higher on the day and the long bond giving back some of its initial rally. He speaks with Romaine Bostick on "The Close."
LA homelessness non-profit workers arrested over alleged corruption and bribes
Pair accused of misappropriating millions in taxpayer dollars as Trump officials target alleged fraud in blue statesFederal law enforcement officers have arrested two employees of California-based homelessness non-profits on corruption charges, alleging that they misappropriated millions in taxpayer dollars. The US justice department has arrested Michael Young, a founder of the Culver City-based nonprofit Home At Last, and Lakiya Malone, an employee of the Los Angeles-based Special Service...
Pip claimants paid more than £600,000 after DWP admits error
Pip claimants paid more than £600,000 after DWP admits error Payments worth an average £2,100 were paid out after incorrect advice was given - Bookmark - CommentsGo to comments Over £660,000 has been paid to hundreds of Personal Independence Payment (Pip) claimants by the Department for Work and Pensions (DWP) after it admitted giving incorrect advice to people looking to claim the benefit. According to new information published by the department, around 310 payments worth an average £2,100...