Balances on home equity lines of credit increased for the ninth consecutive quarter.
Market pricing indicates an increased chance of a cut before the Fed's next scheduled announcement.
The trade has been pummeled this past week as yen volatility jumped.
“Calm is important at a moment like this,” former Fed economist Claudia Sahm said.
Fed rate cut errors could hurt U.S. economic exceptionalism, the economist warned.
This Aptus Capital manager says advisors are too reliant on bonds for portfolio protection.
The economy continues to look “fine overall,” the firm's analysts said.
Many economists predict the Fed will lower rates by a half-point in each of its next two meetings.
Figures last week showed a slump in US manufacturing and a bigger-than-expected slowdown in hiring.
Investors are becoming jittery that the Fed's reluctance to trim rates is jeopardizing its efforts to avoid a slowdown.
The jobs report adds to a week of disappointing data that raise concerns of a more abrupt downshift in the economy.
The product is being pitched to registered investment advisers as an easy-to-sell entry into direct lending.
Investors worry that the labor market is on the verge of triggering recessionary signals.
The broad advance was fueled by expectations that the Fed will start cutting interest rates in September.
Another client has sought a class action suit against LPL, saying he was underpaid for cash sweep accounts.
The 10-year note's yield fell below 4% for the first time since February.
The report offers the Fed further evidence that the risks of a reacceleration in inflation are diminishing.
A number of snags held back the highly anticipated closed-end fund listing.
The S&P 500 soared, helped by gains in rate-sensitive tech stocks like Nvidia, Apple and Amazon.
Ameriprise and LPL are being sued by clients over similar accounts.