Federal Reserve Rate Decision, Corporate and International News
Market reviews
• With just hours to go until one of the most anticipated central bank decisions in recent memory, traders are still agonizing over the possibility of a major Federal Reserve interest rate cut.
• A rise in U.S. retail sales on Tuesday initially pushed rates back 50 basis points to start the U.S. easing cycle, but that didn’t last. Probabilities implied by futures fluctuated early in the Asian session before settling around 65%. Expectations for overall Fed easing this year have eased slightly but remain set for two 50 basis point cuts and one 25 basis point cut over the...