3.50%-3.75% — The federal funds rate the Fed held steady at its July meeting, while Bank of America warns the bond market is already doing the tightening work for it.

Money Moves

• Bank of America flags dangerous Fed theory — BofA warns a "3D chess" scenario is emerging where the Fed deliberately lets long-term yields rise to cool demand, creating market confusion over whether tighter conditions signal confidence or uncertainty.
• **Magnificent Seven face...