Fed funds futures traders are now pricing in nearly a 94% chance of a 25 basis point (bps) cut at the September meeting, up from 85% odds before the inflation data release, according to the CME’s ...

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session. When companies realized they needed ...