latest news in economy
How a 2020 SEC Rule Change Unlocked $800 Million for Wall Street—and Your Portfolio
Washington D.C., Tuesday, 23 June 2026.
A quiet 2020 SEC regulation let wealth managers rake in $796 million in fees by selling private credit to retail investors—previously off-limits to all but institutions. Now, $80 billion in private credit funds sit in portfolios, with brokers pocketing over $1 billion in hidden commissions. The catch? Investors in fee-heavy share classes earned up to 25% less than those in lower-cost options.
Gold Prices Hang in the Balance as Fed Signals Shift
New York, Tuesday, 23 June 2026.
Gold prices are caught between easing Federal Reserve policy and stubborn inflation, swinging near 4,120 USD/oz. The metal’s next move hinges on Thursday’s PCE inflation data—could it break resistance at 4,175 or fall to 4,050?