Employers added a surprisingly solid 119,000 jobs in September, issuing a key economic report that had been delayed seven weeks by the federal government shutdown.
Read More Wall Street shoots toward its best day since May on Nvidia’s profit report and hopes for lower rates
The U.S. Supreme Court (SCOTUS) announced on Wednesday that it will hear oral arguments on January 21, 2026, in Trump v. Cook, a media-frenzied case testing the president’s authority to remove members of the Federal Reserve Board of Governors.
Read More SCOTUS: Oral arguments to be heard Jan. 2026 in Federal Reserve case involving Lisa Cook
The S&P 500 added 0.1% in morning trading and remains near its all-time high set a couple weeks ago.
Read More US stocks are drifting around their records as AMD rallies
The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.
Read More What a Federal Reserve rate cut means for your finances
The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.
Read More Fed cuts interest rates to lowest level in 3 years
This week, mortgage rates fell to their lowest level of the year.
Read More Mortgage rates drop to lowest levels of 2025