Stock news for today - shrinking China, political tensions in the world, corporate news
Fundamental Analysis
• The market's estimate of a greater than 70% chance of a Fed rate cut in September is significantly different from the near-equal probability a month ago, according to CME's FedWatch tool. Powell will return to Capitol Hill later Wednesday to testify before the House Financial Services Committee, although much of the focus will likely be on Thursday's U.S. inflation report. An unexpected jump in prices there could call into question the wisdom of lowering rates.
• Japan remains an exception to the rule of rate cuts, with the country's acceleration in wholesale...