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...

In August 2024, the US economy saw an addition of 142,000 jobs, surpassing the revised figure of 89,000 from July, yet falling short of the anticipated 160,000.
Job increases were noted in several sectors: construction added 34,000 jobs; health care contributed 31,000, with ambulatory health care services accounting for 24,000 of those; government roles increased by 24,000; and social assistance jobs grew by 13,000.
On the other ha...

The first debate between Democratic President Joe Biden and Republican former President Donald Trump is scheduled for June 27. With only two debates scheduled, Thursday's clash is highly significant as both candidates intensify their personal attacks. National polls show them in a close contest, and millions of potential voters are expected to tune in.
The debate is important because it's an opportunity for...