Tuesday, July 28, 2026

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The Fed is ‘meaningfully deviating’ from one of the most basic rules for fighting inflation, BofA warns

Good morning. On Fortune’s radar today:

  • Fed is breaking Econ 101’s golden rule, BofA warns.
  • Markets: “Blown past expectations.”
  • U.K.’s Starmer clings on as his MPs revolt.
  • Iran vows to make U.S. taxpayers feel the pain.
  • Tech bloodbath: 118,000 jobs gone in 2026.
  • Forget your office ping-pong — meet the Wimbledon of work.

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This story was originally featured on Fortune.com

Source: fortune.com

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