WS #10704
May PCE core inflation at 3.4% (highest since Oct 2023); Goolsbee says inflation still too high; markets price in September rate hike. Ares Management caps withdrawals at flagship private credit fund for second consecutive quarter as redemption requests hit 14.4%.
Inflation and Fed Policy
May PCE core inflation at 3.4% (highest since Oct 2023); Goolsbee says inflation still too high; markets price in September rate hike.
Ares Management caps withdrawals at flagship private credit fund for second consecutive quarter as redemption requests hit 14.4%.