steep

Outside of retirement accounts, the tax drag on private credit is steep, since most returns are taxed as ordinary interest income, unlike the lower capital-gains tax treatment for private equity.

These numbers don’t always match with government data, though the government numbers themselves have seen some steep revisions lately as the BLS struggles with falling response rates to its surveys.

Ken Griffin, chief executive of fund manager Citadel, citing the dollar’s steep drop this year, said earlier this week: “Sovereigns, central banks, individual investors around the world now say, ‘You know what?

They are eager to make the faith the centerpiece of their lives, led by clergy steeped in the Gospel and sacred tradition.

Executives at some of the big banks say they could face steep fines or be forced to strike settlement deals, even though they don’t think their companies are guilty of systemic discrimination.