) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts from the Federal Reserve not happening until after June. The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated byDue to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year.
Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich Photo Illustration by Luis G. Rendon/The Daily Beast/Getty ImagesPay Dirt is a weekly foray into the pigpen of political funding. Subscribe here to get it in your inbox every Thursday.A watchdog group is asking the Justice Department to investigate whether Donald Trump repeatedly lied in sworn statements to the federal government—including his own administration—about a $50 million loan that apparently never existed in the first place, and which could be evidence of tax evasion.