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Tuesday Headlines: Powell says Fed is in no hurry to cut rates
By Matt Stichnoth,
CNBC.com: Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism
New York Times: Second Fed Official Indicates Support for Faster Rate Cuts
New York Post: Northern Trust says it’s ‘fully committed to remaining independent’ after report of possible BNY merger
Bloomberg: Private Funds for Retail Investors Jump to $350 Billion, Morningstar Says
New York Post: Goldman Sachs launches AI tool — fueling fears that ‘rise of the machines’ could hit jobs
Financial Times: Congress plots big tax cut for private credit investors
Wall Street Journal: Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans
Bloomberg: Young Investor Demand for Alternative Assets Is Reshaping Wall Street’s Playbook
Wall Street Journal: How Visa and Mastercard Can Survive the Stablecoin Threat
A.P.: Compass sues over ‘Zillow Ban,’ claiming platform’s policy protects monopoly over home listings
Wall Street Journal: More Homeowners Find Themselves Underwater
Financial Times: Stablecoins ‘perform poorly’ as money, central banks warn