Why markets are betting the Federal Reserve will take its hawkishness down a notch

Reuters

UPDATE 1-U.S. FTC considers crackdown on how companies collect consumer information

The U.S. Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now collect personal data on individuals on a massive scale and in a stunning array of contexts.” The FTC said companies are often incentivized “to collect vast troves of consumer information, only a small fraction of which consumers proactively share.”

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