Plus, the Trump administration has a big job opening, and there’s a new technology tax. Source: NYT > Business – Charlotte Cowles
Bond Returns Have Been Spectacular. Don’t Count on a Sequel.
A large and largely unexpected decline in bond interest rates requires downshifting expectations for the future. Source: NYT > Business – Carla Fried
This Could Be a Rare Time When It’s Smart to Fight the Fed
Anticipation of interest-rate cuts sent stocks to new highs, but weak economic growth is raising fears that it’s too late to stave off a recession. Source: NYT > Business – Conrad De Aenlle
A Stock Market Record and Rising Economic Worry? Wall Street Has a Name for That
Source: NYT > Business – Stephen Grocer
DealBook Briefing: A Rate Cut Now Looks All but Certain
Jay Powell, the Fed chairman, strongly signaled yesterday that the Fed could cut interest rates later this month. Source: NYT > Business –
Fed Chair Raises ‘Serious Concerns’ About Facebook’s Cryptocurrency Project
Jerome Powell, the chair of the Federal Reserve, was the latest central banker to express skepticism about Facebook’s cryptocurrency plans. Source: NYT > Business – Nathaniel Popper, Mike Isaac and Jeanna Smialek