The Federal Reserve is set to announce its first rate cut in over four years on Wednesday, signaling a major pivot from its previous emphasis on inflation control.
Markets remain split on the scale of the cut. Futures markets indicate a 63% chance of a 50-basis-point reduction as of Wednesday morning, up from 14% a week ago. The odds of a 25-basis-point cut stand at 37%.
Wall Street and the futures market show divergence as most institutio...

-Used vehicle prices are expected to come down further this year amid rising interest rates and improved availability of new cars and trucks, according to Cox Automotive.
-The firm expects wholesale used vehicle prices to end the year down 4.3% from December 2022.
-The decline is expected to follow a whopping 14.9% fall last year from inflated prices during the coronavirus pandemic.
Used vehicle prices are expected ...

Friday is triple witching, the simultaneous expiration of options on stocks, futures on stock indexes and options on stock indexes. This event only occurs four times a year and it often causes volatility in markets.
An estimate $4 trillion notional options are set to expire on Friday, according to Goldman Sachs. When these options disappear from the books of investors and dealers they often need to square their positions, something often could leads to wild intraday swings...