Michael Goosay joins Principal® as managing director of global fixed income

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Principal Asset Management has announced that Michael Goosay has joined the firm as managing director of global fixed income and portfolio manager on select strategies. Goosay will build upon the

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Powell keeps options open, promises nothing

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At yesterday’s meeting, the Federal Reserve (Fed) raised policy rates by 25 basis points, taking the benchmark rate up to 5.25%-5.5%, the highest level since 2001. While the market had

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A very hawkish pause

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At yesterday’s meeting, for the first time since March 2022, the Federal Reserve (Fed) chose not to raise policy rates, instead keeping the benchmark rate at 5.00%-5.25%. However, the Fed

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Headline inflation drops below 5%, reducing risk of another hike in June

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The Consumer Price Index (CPI) for April showed that headline inflation continues to moderate, dipping below 5% for the first time since April 2021. Headline CPI is now below the

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Market risks: A golden era no more

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With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis,

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Principal Financial Group® strengthens commitment to global asset management

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Principal Financial Group® has announced its investment unit will be doing business as Principal Asset ManagementSM as the company intensifies its focus on asset management. This name will highlight the

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