Fed Chair Kevin Warsh thinks Fed officials have tipped their hand too much in the past about their future plans for interest rates. But he hasn’t been able to keep everybody else quiet.
“The bond market is often seen as the boring sibling to the stock market,” said Robin Wigglesworth. “I think that's completely wrong. It is the bedrock to the entire financial system.”
President Trump and China’s Leader Xi Jinping are meeting this week. Chad Bown, senior fellow at the Peterson Institute for International Economics, previews what to expect from that meeting.
Bank consolidation has been happening for decades, and its pace has sped up in recent years. Borrowers and depositors are experiencing a number of side-effects.