Markets are increasingly pricing in the chances of the Federal Reserve cutting interest rates at its next meeting in September following last week's weaker-than-expected jobs report.The Fed's policymaking arm, the Federal Open Market Committee (FOMC), has opted against cutting interest rates at all five of its meetings this year, including last week's, as stubborn inflation has remained higher than the central bank's 2% target and tariffs pose the threat of pushing inflation higher.Though inflation has yet to decline below that threshold, the market sees the Fed's holding pattern coming to an...

2 hours ago

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