December looking more likely for Fed rate hike
Breakfast with Benjamin: Ground Control to Major Yellen. Commencing countdown, engines on. The Fed's October meeting minutes stress a potential December liftoff for rates.
- Ground Control to Major Yellen. Commencing countdown, engines on. October Fed minutes stress potential for December liftoff.
- Speaking of rising rates, have you checked out your bond fund lineup recently? Now’s not a bad time to see what you’re holding. Here are some of Morningstar’s favorite bond funds.
- Has the New York Stock Exchange figured out how to prevent another crazy day like Aug. 24, when stocks dropped like a rock off the open only to reverse course and bounce back? Say goodbye to the ‘land mine’ of stop orders.
- The march of firms closing down underperforming funds continues. Yesterday Pimco, today BlackRock BlackRock winds down global macro hedge fund after losses.
- Reality reaches California. CalPERS approves plan to gradually reduce assumed rate of return to 6.5%.
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