President Donald Trump said he still had confidence in Federal Reserve Chairman Kevin Warsh and criticized what he said was a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs. Processing Content “I do, I mean I’m relying on Kevin,” Trump told reporters about his hand-picked Fed chief, speaking […]
Trump backs Warsh, faults ‘hostile’ Fed board for rate hike Read More »
Even before the Federal Open Market Committee’s short-term rate hike yesterday, the 10-year Treasury yield, a benchmark for setting mortgage rates, had been climbing to peaks not seen in years. Processing Content Still those yields started easing on Thursday morning after an initial negative reaction to the 25 basis point fed funds rate hike and
Mortgage rates near 7% but expected to ease by December Read More »
Key takeaway: The Securities and Exchange Commission is proposing to repeal Rule 14a-8, which allows investors to raise concerns with companies through shareholder proposals. Expert quote: “Rescinding Rule 14a-8 will increase instability and costs for both companies and investors and further weaken American capital markets and the foundations that uphold them.” — Andrew Collier, senior
SEC eyes repeal of rule allowing shareholder proposals Read More »