Fed Officials Fretted That Markets Would Misread Rate Slowdown

Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from the Federal Reserve’s December meeting showed.

For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust

There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.