PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a merger-arbitrage opportunity with higher risk.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend