Some 64% of job-switchers got a raise, but only 44% maintained or increased their 401(k) savings rate.
Rapid growth over the past decade has fueled the private credit industry’s rise into a $1.7 trillion market.
By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.
Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.
The gap between food-price and wage inflation between the end of 2019 and the second quarter of this year was roughly four percentage points.
Apollo Global Management Inc. clinched $5 billion in fresh firepower from BNP Paribas SA as it looks to grow its private lending business.
Powell has prioritized consensus building, reflected in a string of 17 meetings with no dissenting votes. That came to an end on Wednesday as some of Powell’s colleagues had implied they were more comfortable leading off with a smaller cut.
On Monday, derivatives markets showed investors saw a 65% chance of a half-point cut. That’s up from 50-50 odds on Friday.