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Marble Cake

  Moist, buttery, and swirled with vanilla and chocolate—this marble cake is a timeless treat everyone loves. INGREDIENTS For the Cake ½ cup natural cocoa powder, such as Hershey's 2½ cups sugar, divided ½ cup water 4 oz semi-sweet chocolate, best quality such as Ghirardelli, broken into 1-in pieces 1 cup buttermilk (see note) 4 large eggs 2 teaspoons vanilla extract 3 cups all-purpose flour, spooned into measuring cup and leveled-off 1 teaspoon baking powder ½ teaspoon baking soda ¾ teaspoon salt 1 cup (2 sticks) unsalted butter, softened For the Glaze 5 tablespoons unsalted butter ¾ cup sugar ¼ cup water 2 teaspoons vanilla extract INSTRUCTIONS For the Cake Preheat the oven to 325°F and set an oven rack in the middle position. Spray a 10-in (12-cup) Bundt pan generously with nonstick cooking spray with flour, such as Baker's Joy or Pam with Flour. In a small saucepan, combine the cocoa powder, ½ cup of the sugar, and the water. Bring to a simmer over high heat, whisking until...
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Bond Investors Prepare for Fed Interest Rate Cuts

 

Bond investors are anticipating a change in the Federal Reserve’s interest rate policy, with expectations of multiple rate cuts this year and the first since the start of the COVID-19 pandemic in 2020. 

Portfolio managers have increased bets on long-duration U.S. Treasuries ahead of the meeting, reflecting expectations that yields on those securities will decline as the U.S. central bank moves toward cutting rates. 

As the economy slows, longer-duration bonds tend to outperform other assets. The Fed is widely expected to hold interest rates steady at the end of its two-day policy meeting on Wednesday, with some investors seeing a possibility that it could ramp up its dovish tone after it was perceived to have pivoted from a tightening policy outlook at its meeting last month.


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