Horizon over which FOMC can achieve dual mandate could be communicated: St. Louis Fed's Musalem
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The US Treasury Department has put Wall Street on notice: Authorities are moving to rein in some of the most aggressive investment strategies used to cut investor tax bills.
Saudi Arabia’s Tadawul All-Share Index fell 1.17% on Tuesday, dragged down by oil giant Aramco, as investors digested signs that Gulf oil exports are recovering.
Debt sales continue in the US amid fears of a more restrictive Fed, and investors drive the long-term bond to a 5.60% yield.
Key PointsThe economy has largely avoided another larger, more impactful recession since the Great Recession in 2008.
Federal Reserve (Fed) Governor Michael Barr said Tuesday that he sees “elevated wage rates in the skilled trades,” and added that the resilience of the US economy is “striking.”