Hopes Are High For An Interest Rate Cut Next Month—Here's What To Know
1. S&P 500 and Nasdaq hit new record highs fueled by rate cut optimism. 2. 99.9% odds for a quarter-point interest rate cut next month reported. 3. Inflation slowed down with a 2.7% July YoY increase, supporting rate cuts. 4. VIX, Wall Street’s fear gauge, dropped to its lowest level of the year. 5. Job growth slowing may influence Federal Reserve's rate decisions soon.