The recent underwhelming earnings performance of many small and midcap companies on account of rising costs, weakening demand, and sector-specific headwinds have eroded profitability, leading to earnings downgrades.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation