"The rate-setting committee has set the stage to take action at the next meeting. If economic conditions weaken, the committee will likely cut rates by a quarter point in September," said Jeffrey Roach, chief economist at LPL Financial.
"This report is unlikely to shift the Federal Reserve's stance ... For investors, this reinforces the importance of managing risk and focusing on fundamentals, rather than reacting to headline numbers," said Gina Bolvin, president of Bolvin Wealth Management Group.
The victims at 345 Park Ave, home to the PE firm as well as KPMG and the National Football League, included the CEO of the Blackstone Real Estate Income Trust.
Even with greater consensus, it is still unlikely rates will be cut on July 30.
Unprecedented advisor movement and M&A activity is a challenge for wealth management firms and advisors to preach continuity and progressive client services, according to new research.
The new deal involves 15% tariffs and $550 billion in Japanese investments in the US.
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The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Ten out of 12 districts expect future economic activity to either flatline or soften in the upcoming months, according to the Fed's Beige Book release.
"The US economy’s slow patch during 2025’s tariff hikes will likely give way to stabilization in 2026 as income tax cuts kick in," Comerica's chief economist Bill Adams told InvestmentNews.
