Bank of America initially expected the Fed to stand pat this month while awaiting more data on whether its recent cuts have helped boost hiring. However, economists at the 120-year-old bank have ...

(Reuters) -Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a shift to higher-yielding treasury bills, data from Clearwater Analytics showed on Tuesday.

As expected, the Federal Reserve made another move on Wednesday, cutting its benchmark interest rate by a quarter point for the second time in less than two months. It’s the second time the central ...