Divided Fed worried about tariffs, inflation and the labor market, minutes show

Divided Fed worried about tariffs, inflation and the labor market, minutes show


Key Points
  • The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting.
  • “Participants generally pointed to risks to both sides of the Committee’s dual mandate, emphasizing upside risk to inflation and downside risk to employment,” the minutes noted.



Source

Goldman Sachs bond traders stumbled as Wall Street rivals thrived: ‘A fire is being lit under’ them
Finance

Goldman Sachs bond traders stumbled as Wall Street rivals thrived: ‘A fire is being lit under’ them

Key Points Goldman Sachs’s fixed income division disappointed investors this week, with revenue down 10% and about $910 million below expectations — a rare stumble for a flagship business. “I’d imagine that at Goldman, a fire is being lit under the traders, managers and risk overseers in FICC after such an underperformance,” veteran analyst Mike […]

Read More
Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
Finance

Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post

US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, April 12, 2026. Trump attacked Pope Leo XIV for his criticisms of the US-Israeli war on Iran, calling the leader of the Catholic Church “WEAK on crime.” Photographer: Bonnie Cash/UPI/Bloomberg via […]

Read More
Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, Robinhood & more
Finance

Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, Robinhood & more

Check out the companies making the biggest moves premarket: Bank of America — The stock gained more than 1% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 […]

Read More