#supreme-court-tariffs

#supreme-court-tariffs

Back in October of last year, 55% of traders in Fed Funds futures contracts assumed the U.S. Federal Reserve would deliver an interest rate cut this month, bringing the base rate down to the 3.25% level. Today, 90% of them think the Fed will hold rates at 3.5% when it meets in 19 days time. In other words, another cut from the Fed is off the table, as far as Wall Street is concerned.

Democrats dominated the first major Election Day since President Donald Trump returned to the White House. And while a debate about the future of the Democratic Party may have only just begun, there are signs that the economy - specifically, Trump's inability to deliver the economic turnaround he promised last fall - may be a real problem for Trump's GOP heading into next year's higher-stakes midterm elections.