Wall Street vs. the Fed: The future of interest rate hikes in 2019

The market is betting that the Federal Reserve won’t be able to raise rates at all next year, while the Fed’s projections show policymakers think they’ll raise rates twice by next December. The bottom line: Investors who play in the futures contracts market are putting their money where their mouths are in expectation that central…

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Trump hits Fed Chair Jerome Powell for rate hikes, again

President Trump is complaining again about the Federal Reserve raising interest rates, telling Reuters today that he’s “not thrilled” with the Chairman of the Federal Reserve Jerome Powell, adding that he should be “given some help by the Fed.” Why it matters: Despite the pushback he’s received for publicly speaking out about the independent government…

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Forget about broad-based pay hikes, executives say

Very few Americans have enjoyed steadily rising pay beyond inflation over the last couple of decades, a shift from prior years in which the working and middle classes enjoyed broad-based wage gains as the economy expanded. Why it matters: Now, executives of big U.S. companies suggest that the days of most people getting a pay…

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