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Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
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The Fed's annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.
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President Donald Trump was expected to celebrate a new housing package with Democratic and Republican lawmakers โ in particular a provision banning big investors from owning single-family homes.
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