Key insight: Price growth continued to run above the Federal Reserve’s 2% target in August, but remained consistent with recent months. The central bank will have to decide if that trend is moving up or down. Expert quote: “To paraphrase John Lennon, I’m willing to give disinflation a chance.” — Federal Reserve Gov. Christopher Waller […]
Modest CPI reading gives Fed no clear direction on rates Read More »
Bond bears have pushed benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Processing Content The yield on 10-year notes has climbed almost 20 basis points this week to trade just below the psychologically-important level, which may attract
Global bond selloff sends 10-year treasury yields to cusp of 5% Read More »
Key insight: Twenty-five years after the Sept. 11 terrorist attacks in lower Manhattan, executives at one community bank in nearby Chinatown recall the efforts to reopen. Expert quote: “What I recall is that after 9/11, we suddenly understood the need for having a disaster-recovery plan.” — Vera Sung, board director at Abacus Federal Savings Bank
Lessons from 9/11: How one NYC community bank rebounded Read More »