News

Last week’s core PCE numbers support comments by Fed officials that there’s no rush to cut interest rates so long as the labor market remains healthy and the economy continues to power ahead.

The American Benefits Council found most that voters back current rules, while America’s Health Insurance Plans found bipartisan support.

In the Fed’s semi-annual report on U.S. financial stability, the second- and third-ranked concerns were escalating tensions in the Middle East and policy uncertainty.

To fund buybacks of some of its current debt, CVS is expected to issue hybrid securities in the range of $2 billion to $2.5 billion.

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Last week, unemployment applications fell to 213,000, the lowest level since April.