Global stocks and bonds gained following the Fed's announcement.
The proposal sets the stage for an election-year fight with President Biden, who accused the GOP of going after entitlement programs during his State of the Union address.
Policymakers now see just three rate reductions in 2025, down from the four they forecast in December, following a recent uptick in inflation.
The firm is vying to be a top player in a an industry that's projected to grow to $11 trillion by 2028.
The size of award underscores Citi's desire to overhaul its struggling wealth division.
The latest Federal Open Market Committee decision on rates is due at 2 p.m. in Washington.
The Texas State Board of Education delivered the blow Tuesday.
The completion of the country's general elections is set to spark interest.
US is most generous with six-figure compensation packages.
Unprecedented stress in vehicles for risky real estate debt could be canary in the coal mine for the broader commercial real estate debt market.
