The Shot Heard Round The World

Published on August 30, 2024

The path for lower rates in the U.S. has finally arrived.

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Schwab Used Cash Sweep Funds to Purchase TD Ameritrade: Lawsuit

August 30, 2024
Schwab struck a deal to direct at least $50 billion to TD Bank through 2021, customers allege.      Related StoriesAdvisors Made Trades as Retail Investors Struggled to Log On - EnclosureInsurers, Agents Speak Up for Life Insurance Awareness Month - EnclosureInvestors Race to Lock in Firm Annuity Guarantees - Enclosure

Misreading the Impact of Monetary Policy

August 30, 2024
Those warning that the US Federal Reserve is dragging the economy down are deeply mistaken. Far from being too restrictive, US monetary policy is almost certainly too loose, judging by the robustness of financial markets and broader economic conditions even after 500 basis points of interest-rate hikes.