While Gundlach sees more tightening ahead, he doesn’t think that’s the appropriate response right now as regulators’ rescue programs are inflationary in nature.
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Pfizer CEO Albert Bourla said it will deliver Seagen’s cancer therapy to the world at a scale that hasn’t been seen before with its $43 billion acquisition.
A California appeals court reversed a lower-court ruling that had found Proposition 22 unconstitutional.
Consumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace.
United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher fuel costs.
The 2-year Treasury yield to doing something that hasn’t happened since 1987 due to the Silicon Valley Bank meltdown, according to Evercore ISI.
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