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S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes — REUTERS / pwu404

Business · United States

S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes

49% Center coverage: 105 sources

The S&P 500 and the Nasdaq ended at record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.See the Story

Australia's Central Bank Cuts Interest Rate for Third Time This Year to 3.6% — REUTERS / pwu404

Central Bank · Australia

Australia's Central Bank Cuts Interest Rate for Third Time This Year to 3.6%

56% Left coverage: 50 sources

Fed cut seen near certain after inflation data, Bessent comments — Official portrait of Treasury Secretary Scott Bessent (borderless) by Wikipedia Photo - https://home.treasury.gov/about/general-information/officials/scott-bessent (By: U.S. Department of the Treasury) / Creative Commons

US Economy · United States

Fed cut seen near certain after inflation data, Bessent comments

50% Center coverage: 24 sources

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed US inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.See the Story

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