Fed Meeting: Rate Cut, AI Earnings, Yen Sell-Off

The Federal Reserve faces a critical policy meeting, with financial markets anticipating a quarter-point rate cut and cautious guidance. Oracle and Broadcoms earnings reports will test AI sector valuations. The futures market predicts an eighty-nine percent chance of a rate cut, but at least two voting members may disagree, challenging Chair Jerome Powell. The Japanese yen plummeted overnight, anticipating a twenty-five-basis-point hike at the Bank of Japans policy meeting next week.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.