Inverted curve proves White House has won its battle with the Fed

WeWork may have left it a tad late for its IPO unless the central bank makes a swift and decisive cut

WeWork, the loss-making US office rental company, is planning a stock market launch next month to fund its global expansion. All the signs on Wall Street on Wednesday were that Silicon Valley's next big thing may have left it a tad late.

On a day when global stock markets took a tumble, WeWork will doubtless be hoping that swift and decisive action by the Federal Reserve can hold off a bear market in shares for just a bit longer. Otherwise the company's float will be remembered for the wrong reason: as the one that marked the top of the cycle.