A breather in the central bank’s anti-inflation policy is expected, but still-rising inflation has investors bracing for another raise later this year.
Birdies were at a premium for many of the 156 golfers vying for the Wanamaker Trophy at Oak Hill Country Club during the first round of the major tournament on Thursday.
Golf clubs often gain fame when top players win there. That hasn’t happened much lately at this club, this year’s P.G.A. Championship host. The reason is complicated.