Wall Street indexes edged lower on Wednesday while the 10‑year Treasury yield closed at 5.29%, and online broker Webull shed almost a fifth of its value after a congressional report labeled it a national‑security concern.
The Federal Reserve’s September 16 minutes recorded a united vote for a 25‑basis‑point hike, yet cooler inflation and weaker job numbers released since have left policymakers unsure about the timing of any further increases.
Attorney General Todd Blanche has ruled out reviving a criminal inquiry into the former Federal Reserve chair over a controversial multibillion-dollar building project.
An internal watchdog found a billion-dollar building overrun was bad management, not criminal wrongdoing, leaving the White House with few legal avenues.
The President's top economic adviser says Donald Trump '100% respects' the central bank's independence, but admits a rate hike would not make him 'super happy'.
