Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next year, according to a person familiar with the matter. The firm's flagship multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked not...
Year: 2026
Fed minutes show officials were in tight split over December rate cut
WASHINGTON — The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated.Officials expressed a variety of opinions during the Dec. 9-10 meeting,...
Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026
Labor market weakness, uncertainty about inflation and political pressure will push the Federal Reserve to lower interest rates aggressively in the early part of 2026, according to Mark Zandi, chief economist at Moody's Analytics.Though markets and Fed officials themselves see only modest easing in the year ahead, Zandi expects the...