Reported about 20 hours ago
The Federal Reserve is expected to lower interest rates during its upcoming meeting as recent economic data indicates a weakening labor market and persistent inflation. Despite inflation rising beyond the Fed's 2% target, the latest reports suggest that the job market is facing challenges, with unemployment claims reaching a peak not seen in nearly four years. Financial markets are increasingly confident that the central bank will implement at least a quarter-point rate cut to stimulate economic growth and address rising unemployment.
Source: YAHOO