Treasuries Rally as Powell Locks in Bets on a September Rate Cut

Published on August 23, 2024

Treasuries rallied after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole cemented expectations that the central bank will cut interest rates next month.

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Powell Says 'Time Has Come' for Fed to Cut Interest Rates

August 23, 2024
At Jackson Hole, the Fed chair affirms expectations that officials will begin lowering borrowing costs next month.      Related StoriesEl-Erian Says Market Is Pricing In Too Many Fed Rate Cuts - EnclosureWhy It's Time to Rethink the 60/40 PortfolioNew York Judge Approves Columbian Mutual Life's Rehabilitation Order - Enclosure

How Tim Walz’s time in public service could reward him richly in retirement

August 23, 2024
While Tim Walz’s disclosed net worth might seem modest compared to other candidates in this year’s presidential election, the 60-year-old VP aspirant is still probably far more financially stable than many retirees.Thanks to Walz’s long tenure of public service – including teaching, military service, and his still-ongoing political career – the governor of Minnesota is entitled to a portfolio of p