It’s taken financial markets almost four months to register the likelihood that U.S. interest rates could rise above 5% by March, the highest level since 2006, but that moment may finally be arriving....
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Big Banks Predict Recession, Fed Pivot in 2023
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Cisco Stock Gains on Earnings. Layoffs Are Coming.
Cisco Systems shares are trading higher after the networking-infrastructure company posted better-than-expected revenue and profit growth for its fiscal first quarter, ended Oct. 29. The company also ...
Why questions are swirling about who will buy more than $31 trillion of U.S. debt — and at what price
For the first time ever, U.S. national debt crossed above $31 trillion this month, at a time when the Federal Reserve is in retreat from buying government debt and foreign investors’ interest in it is...
Banks Nearing $1 Billion Settlement Over Traders’ Use of Banned Messaging Apps
WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regul...
‘Catastrophically bad’ inflation report is boosting chances of a 75-basis-point interest-rate hike next week
Friday’s consumer-price index report for May — which showed the annual headline U.S. inflation rate climbing to 8.6% in May, with few signs of having peaked — is boosting the chances of a jumbo-sized ...
A key part of the Treasury yield curve has finally inverted, setting off recession warning — here’s what investors need to know
A closely watched measure of the yield curve that serves as one of the bond market’s most reliable recession indicators inverted on Tuesday, underlining fears about the economic outlook as the Federal...