Major U.S. Stock Indexes Pare Gains; Trump Sends More Tariff Letters
Express News | U.S. Delegation Is Expected to Meet with Chinese Officials Next Month to Hold Consultations on Trade Issues
Trump Sends Tariff Letters to Iraq, Libya, and Others. An EU Deal Could Be Near
EU Seeks Trade Deal With Trump, Others Face New Tariff Notices
The key signal for the Federal Reserve's interest rate cut in September is about to be revealed.
Analysis suggests that, although recent strong employment data has eliminated the possibility of a rate cut in July, there are significant internal disagreements within the Federal Reserve regarding the path for rate cuts this year. The hawkish stance has notably strengthened after the June meeting, but Chairman Powell's expectation of rising inflation in summer implies that September may become the first serious consideration window for a rate cut.
Markets Expect More Trade Negotiations, Says Stealey