Households had piled up an extra $38.5 trillion in wealth over the last two years, but since the start of this year, wealth has plunged at least $5 trillion, JPMorgan Chase estimates.
The Fed’s hawkish-at-all-costs posture, the chaos in supply chains and intensifying threats to the business cycle are all undermining confidence.
Global equity funds had $5.2 billion of outflows in the week to May 18, led by redemptions from mutual funds.
The chair of Gramercy Fund Management says stagflation is ‘worst thing’ for central banks.
Senate Majority Leader Chuck Schumer and fellow Democrats Elizabeth Warren and Raphael Warnock make appeal at White House.
The Fifth Circuit Court of Appeals said the agency's house of in-house judges violated a hedge fund manager's constitutional right to a jury trial.
The sell-off sent the S&P 500 down 4%, while the Nasdaq 100 dropped more than 5% as growth-related tech stocks sank.
The agency has been sending firms lists of key positions including heads of certain investment banking teams or trading desks.
Survey finds that 63% think ESG risks are best handled when fund managers select a portfolio to manage opportunities and risks.
'This is a strong economy, and we think it’s well positioned to withstand less accommodative monetary policy,' the Fed chairman says.
