Daily Market Commentary

Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already bracing for a shutdown.

The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling economy.

Lawmakers on Wednesday averted a politically damaging government shutdown and quickly passed a short-term federal funding bill before members darted from Washington for a final campaign stretch ahead of the November election.

US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.

A quirk in global bond markets that upended traditional relationships between short- and long-term debt in recent years is rapidly fading, with broad implications for economies and investments in more than $40 trillion of government securities.

The FOMC started easing by cutting rates 50 basis points, but cautioned markets that this type of jumbo cut won't be the norm.

Hours after the US central bank surprised most Fed watchers on Wednesday by cutting its benchmark by half a percentage point, economists at Goldman Sachs Group Inc. revised their forecast to show quarter-point reductions at every meeting from November through next June.

The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon for counterparts spanning the globe.

The Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.

The downside surprise in August headline inflation opens the door for the Bank of Canada to accelerate rate cuts this year.