Fed governor Cook declared 2nd residence
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The U.S. Federal Reserve holds its latest policy meeting this week with a historic challenge to its leadership pending in the courts and a rushed effort underway to confirm President Donald Trump's nominee to fill an open seat on the central bank's Board of Governors.
Mortgage rates continue to edge down, now at an 11-month low, but the anticipation grows whether the Federal Reserve will cut rates.
Federal Reserve interest rate decision; Chair Jerome Powell remarks; U.S. retail sales; Meta event; earnings from FedEx, General Mills, and Bullish
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
The Labor Department on Tuesday issued a stunning downward revision of 911,000 fewer jobs added for the 12 months through March 2025.
U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.
Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.
A Fed rate cut is coming this week, but the pace of future cuts will be in focus. The implications of Oracle’s earnings on the AI-narrative are analyzed.
Another inflation print from the US, and focus still remains on the labor market, where unemployment claims saw a significant spike this week. Read more here.