The Federal Reserve raised its benchmark rate by three-quarters of a point on Wednesday. The announcement triggered a volatile afternoon, in which stocks fell at first, then surged back into positive territory before finishing the day with big losses. The bond king believes the Fed’s aggressive campaign to cool inflation is a case of too much, too late – and it’s pushing the U.S. economy toward a possible recession. Salesforce unveiled its goal to reach an adjusted operating margin of 25% for the 2026 fiscal year. The company said it would aim to lower its sales and marketing spending, relative to revenue.Read Long Article
