Seed Newsvine
Trump officials paused, then resumed immigration raids in key economic
sectors. Industry leaders say they’re still hopeful about making their case.
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But one immigration expert says he doesn’t expect any longer-term
administration shift on raids — and thinks maybe the pause had no real
effect.
56 minutes ago
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WHY ZERO INTEREST; ... Instead, the Federal Reserve slashed benchmark interest rates to near zero, lowering yields for conservative investments like money market funds and pushing frustrated investors into riskier corporate bonds offering higher returns. As demand for those bonds rose, businesses were able to issue more of them than ever, and use the proceeds to pay off old ones coming due soon.
"The Fed encouraged debt refinancing, but we need debt extinguishment," says Boockvar.
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