Tag Archives: The Fed

Financial Daily Dose 7.8.2019 | Top Story: Friday’s Solid Jobs Report Prompts Rate-Cut Concerns

BY: Michael D. Reif | July 8, 2019

We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the Fed and interest rates, my friends) – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Turkey’s … Continue reading

Financial Daily Dose 6.5.2019 | Top Story: SEC Votes Today on New Broker Conduct Standards

BY: Michael D. Reif | June 5, 2019

The SEC will vote today on what it’s calling Regulation Best Interest, “which says brokers can’t put their own paychecks ahead of a customer’s needs”—the more-industry-acceptable revision of an Obama-era fiduciary duty rule for advisors that has since died a slow death. Still left unclear under the new plan, however, is “whether it would disrupt … Continue reading