Market watchers anticipate that the Fed will cut interest rates by 25 basis points today, with futures pricing in a 96.1% chance of such a move, at the time of writing (per CME FedWatch Tool). There is a 3.9% probability of a larger, 50-basis-point reduction. The bets over rate cuts heightened amid a softer labor market.Retail Sales Stronger Than ExpectedWhile several economic data points came in at weaker-than-expected this week, U.S. retail sales rose 0.6% in August, way higher than the 0.2% forecast, as ...

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