STORY: Wall Street surged on Friday after a softer-than-expected jobs report fueled hope for rate cuts from the Federal Reserve while also reflecting U.S. economic resilience. .
Don’t obsess too much over Fed policy and inflation levels writes Mitch Zacks of Zacks Investment Management, adding that “it’s clear in the current environment that the Fed believes policy is sufficiently restrictive, meaning there’s no expectation that interest rates will go any higher.” With the economy growing and labor markets strong the current period resembles the period from 1950-22 when inflation was running at 3% to
By Niket Nishant and Manya Saini (Reuters) - New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank's new managem.