Market Movers

  • Jerome Powell Keeps June Interest-Rate Pause in Play. Federal Reserve Chair Jerome Powell has expressed openness to maintaining current interest rates at the central bank's upcoming meeting, suggesting that the ongoing banking stress may not necessitate as high of a rate increase to slow down the economy.*
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  • American-JetBlue Alliance Ruled Anticompetitive, Hurting Consumers. A US District Judge has blocked the American-JetBlue alliance, stating that the collaboration diminishes competition in the domestic air travel market and replaces it with broad cooperation, resulting in harm to customers.*

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