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.
Tag: Yellen, Janet L
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Golf’s Titanic Deal Stokes Anger on Capitol Hill
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.
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Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.
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Treasury Expects to Run Out of Cash by June 5
The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach agreement to raise the debt ceiling and avoid a crippling default.