From March 2022 to July 2023, the Fed hiked the federal funds rate 11 times across 12 meetings in a historically aggressive campaign to combat post-pandemic inflation that had reached a four-decade high.12That meteoric rise in the Fed's benchmark rate—adding 5.25% over 16 mont...
A Delaware judge has struck down the $55 billion pay package for Elon Musk at Tesla which had been challenged by a shareholder in the electric-vehicle maker. The ruling means that the board of Tesla will have to come up with a new proposal for Musk, five years after he had been granted...
We suspect that the labor market and consumers are softening and could deteriorate within the calendar year. The main risk for the next few months may be inflation, but the risks later in the year in our view tilt toward consumer and labor market weakness,” said Tani Fukui, director of ...