Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates

Published on August 23, 2024

Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.

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Private Credit Loses Ground in Fight for Family Office Money

August 23, 2024
It’s the hottest trade on Wall Street. Everywhere you turn, money managers have upped their investments in private credit, helping the asset class balloon into a $1.7 trillion industry. But there’s one group where interest appears to already be waning — the family office.

Western Asset's Leech Leaves CIO Role Amid SEC, DOJ Probes

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