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“There’s a deep tension in President Trump’s message that the economy is booming, but that we simultaneously need multiple points of rate cuts.”

The three-part deal’s longest-tenored tranche yields 0.98 percentage point above Treasuries.

Companies borrowed $207 billion in the U.S. investment-grade market last month.

The move will be ‘“devastating” for the recipients who have permission to receive them.

Despite proving at trial that the airline favored ESG goals in its 401(k) plan, the plaintiff failed to show that this resulted in financial losses, according to Judge Reed O’Conner of the U.S. District Court for the Northern District of Texas.

A separate release out today showed U.S. consumer confidence fell in September to a five-month low on concerns about cooling in the labor market and the broader economy.