Before a last-minute intervention by a federal judge, Trump administration officials were planning to strip apart the Consumer Financial Protection Bureau until there was nothing left of the agency but a room with “five men and a phone in it,” according to current and former employees. Their written testimony was contained in documents submitted Thursday…
The Federal Reserve held interest rates steady at its meeting in January. The minutes from that meeting, released on Wednesday, revealed most Fed officials supported holding policy at restrictive levels. “Many participants noted that the Committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remained elevated, while…
Investors continue to be bullish on stocks. According to Bank of America’s latest fund manager survey released on Tuesday, cash levels have fallen to 15-year lows as traders double down on equities. “Long Magnificent 7” remains the most crowded trade, according to 56% of respondents, followed by the US dollar and crypto. But Big Tech…