Fed Looks for Goldilocks Path as Jobless Rate Drops

Most Federal Reserve officials agree on the path for interest rates over roughly the next year: proceed with gradual increases until borrowing costs reach a level that neither slows nor spurs growth. The big question, however, is what to do after getting to that so-called neutral setting. The answer will largely depend on how inflation…

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Twitter User Numbers Slip as It Shuts Fake Accounts; Stock Drops

Twitter Inc. said its number of monthly users dropped in the second quarter and could continue to fall as the social-media company purges fake accounts. The company’s shares sank nearly 17% in early trading. Before Friday, the stock had risen 79% in 2018. The report came a day after Facebook Inc.’s stock plunged following the…

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Bill Gross’s Janus Unconstrained Bond Fund Drops Sharply

Bill Gross’s flagship fund dropped more than 3% Tuesday, an unusually big decline for a bond fund in just one day, and a sign of how the shockwaves from this week’s sudden moves in European markets are reverberating. The Janus Henderson Global Unconstrained Bond Fund may have been wrong-footed by a bet that German bond…

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