News Highlights: Top Global Markets News of the Day - Wednesday at 7 AM ET

Fed Prepares to Lower Rates, With Size of First Cut in Doubt 
 

The central bank usually prefers to move in increments of a quarter point. This time, it's complicated.

 
The Fed Isn't First to Cut Rates, but It Is the Signal Other Central Banks Want 
 

Policymakers in the U.K., eurozone and Canada have already cut rates. But India, South Korea and others are, essentially, waiting for the Fed.

 
How a Tariff Rule Aimed at China Could Affect U.S. Ad Spending 
 

Ending a trade provision might undermine U.S. ad spending by China-founded retailers like Temu, but some say a pullback is unlikely while the battle for market share continues.

 
U.K. Inflation Holds Steady Ahead of Bank of England Decision 
 

The U.K.'s annual rate of inflation was unchanged in August despite prices of services increasing at a faster rate, reinforcing expectations the Bank of England will leave its key interest rate unchanged this week.

 
Intuitive Machines, Super Micro, Tesla, Microsoft, Alphabet, General Mills, and More Stock Market Movers 
 

Intuitive Machines is soaring after receiving a NASA contract worth up to $4.82 billion, while Tesla stock rises slightly ahead of the Federal Reserve's decision on interest rates. General Mills is scheduled to report earnings Wednesday.

 
Bank of Japan Expected to Stand Pat; All Eyes for Clues on Timing of Next Hike 
 

Most economists think the Bank of Japan will stand pat at its two-day meeting ending Friday because the bank needs time to examine how the economy and markets adapt to tighter monetary policy.

 
Trump Floats Easing Cap on State and Local Tax Deductions 
 

A day ahead of a rally on Long Island, where the 2017 tax law provision is deeply unpopular, Donald Trump posted that he would "get SALT back," a reference to the state and local tax deduction that Trump and Republicans capped at $10,000 per return.

 
Bank of Canada Welcomes 2% Inflation, Pivoting Focus to Growth 
 

The Bank of Canada's No. 2 official says inflation returning to 2% in August is welcome news for policymakers, who are now increasingly focused on downside risks and spurring economic growth.

 
Fed's 'Reverse Repo' Balance Fell to Lowest Level in Over 3 Years. Why It Matters. 
 

A closely watched Federal Reserve facility, which gauges the level of excess cash in the financial system, fell to its lowest level in more than three years this week.

 
The Stock Market Is Priced for Middling Returns-No Matter What the Fed Does 
 

U.S. shares are already more expensive than they were back when interest rates were stuck at zero, leaving little room for outperformance as the fed-funds rate comes down. Meanwhile, corporate profit margins look unsustainably high.

(END) Dow Jones Newswires

September 18, 2024 07:15 ET (11:15 GMT)

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