The Federal Reserve raised rates three times this year, the most since before the 2008 financial crisis, and is on track for further increases next year with economic growth solid, unemployment at a 17-year low and inflation subdued.
Economic data look great. Growth is solid, unemployment is at a 17-year low and stubbornly low inflation is rising. So the Fed is justified in raising rates -- including a likely hike at a meeting on Wednesday. But Bank of America is reminding investors that a rate-hiking cycle is rarely painless.
#Saturday! It's time for TheStreet Rewind. Here's a glimpse at some of our video interviews, big events and just cool videos this past week. #NationalMotorcycleRideDay, Vintage motorcycle racers, Bitcoin and our inaugural podcast are just a few of the videos you can unwind and rewind with us!
All eyes are on Federal Reserve Chair Janet Yellen's Jackson Hole Speech on Friday.
The storied media company might be sold to the same company that is acquiring Trump advisor Anthony's Scaramucci's stake in the hedge fund that he founded, SkyBridge Capital.
Anthony Scaramucci still wants a job in the Trump administration, even though he doesn't know what it is. And his every word is designed to telegraph that to Washington.