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Fed Governor Waller wants 'several months' of good inflation data before lowering rates
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Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.MarketWatch - Business - Federal Reserve -
Mester says Fed needs to see more low inflation readings before cutting interest rates
The president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a bit longer” before it can cut interest rates.MarketWatch - Business - Federal Reserve -
Comex Gold, Silver Settle Higher
Gold settled up 1.4%, with silver also rising 1.4% on the day. Both metals posted weekly gains.The Wall Street Journal - World -
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.The New York Times - Top stories - Federal Reserve -
Vermont governor vetoes data privacy bill, saying state would be most hostile to businesses
Vermont’s governor has vetoed a broad data privacy bill that would have been one of the strongest in the country to crack down on companies’ use of online personal dataABC News - Tech -
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.MarketWatch - Business - Federal Reserve -
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
An early reading of U.S. consumer sentiment in June fell to the lowest level in seven months, reflecting lingering worries about high inflation as well as slower growth in household incomes.MarketWatch - Business -
The Pandemic Felled Dozens of Stellar Credit Ratings. CFOs Want Them Back.
Delta, Macy’s and others are among the ‘fallen angels’ that lost their investment-grade halo in 2020. Finance chiefs have been slashing debt and fortifying balance sheets to recoup that ranking.The Wall Street Journal - World -
U.S. Stocks Trade Lower
U.S. stock indexes edged lower, after the S&P 500 and the tech-heavy Nasdaq closed at record highs for the last four sessions.The Wall Street Journal - World -
‘I don’t want to squander this opportunity’: I sold my business for $130,000. Should I pay off my mortgage with a 7.3% interest rate?
“It may not seem like a lot of money to most people, but this is the first time in my life I am not living paycheck to paycheck.”MarketWatch - Business
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Jeff Bezos is a 'brilliant man' for what he's done at Whole Foods, says ex-CEO: 'He thinks really long term'
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Jensen Huang learned a valuable career lesson from a gardener while on a trip to Kyoto, Japan. Here's why he says it resonates with him.CNBC - Business -
Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
Shortly after leaving the Trump White House, Jared Kushner was putting Saudi money to work across a host of businesses, including Amazon aggregator Unybrands.CNBC - Business