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"This is a new tool for bad actors to do bad things to the American public."

More numbers are due out before the next FOMC meeting in March, but if they are similar to today's data, the Fed will likely delay any interest rate cuts

The deficit for the first four months of FY2024 reached $532 billion, driven by a 37% jump in interest costs vs. FY2023.

One $95 billion asset manager is bracing for bond yields to gyrate and for high borrowing costs to weigh on corporate earnings.

Consumer prices excluding food and energy rose at a 3.3% annualized rate in the final three months of 2023.

Startups will need to avoid stumbles because "you want to be putting yourself out there as a good, sophisticated and responsible founder," Fenwick & West partner Jonathan Sagot said.