Retail trade groups are stepping up pressure on Congress to intervene before a potential strike next month, after Monday’s split vote by two of the largest unions on a contract agreement.
The lending arm of Genesis Global Trading suspended new loans and redemptions amid a wave of withdrawals that kicked off as Sam Bankman-Fried’s multibillion-dollar digital empire sank in the Bahamas.
“Incoming data since our last meeting suggest that the ultimate level of interest rates will be higher than previously expected,” Federal Reserve Chair Jay Powell said Wednesday.