Fed’s Stuck Wrestling

US banking lobby sues Fed over stress test framework

Announcement comes a day after central bank unveiled proposed changes to annual examinations

Financial Times - 12h

The coming global interest-rate collapse will force the Fed to cut four times in 2025

Economic pain worldwide will trigger capital flight to U.S. Treasurys, driving down those yields, investment manager Louis Navellier says. The Fed will follow.

MarketWatch - 10h

Sticky inflation creates rift at Fed over how much to cut rates

Federal Reserve leaders are unified in their resolve to quash the worst bout of inflation in four decades. They just no longer agree on how high to keep U.S. interest rates to achieve their goal.

MarketWatch - 10h

Fed says it is weighing changes to bank tests for systemic risk

Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatility

Financial Times - 1d

Indian fans fed up with paying top prices for stinking toilets and traffic jams at concerts

India is fast becoming a major live industry market but poor facilities at concerts have left fans unhappy.

BBC News - 1d

The Fed’s Stuck in a Wrestling Match With Financial Markets

Investors and the central bank can’t get on same page about where interest rates are headed.

Inc. - 1d

174 people rescued by rope after being stuck on Colorado ski lift gondolas for hours

After hours of sitting stranded in their gondolas due to a broken ski lift, 174 people were brought down by rope rescues at a Colorado resort on Saturday.

NBC News - 1d

Mauritius says talks with UK over Chagos Islands are stuck over money

The deputy PM said the UK was "quibbling" over the sum to be handed over to Mauritius.