Here’s a look at what’s coming. The Federal Reserve’s July meeting. The Fed begins its two-day July meeting on Tuesday. The central bank is largely expected to raise interest rates by a quarter point on Wednesday after pausing in June. Traders expect a nearly 100% chance of such an outcome as of Friday afternoon, according to the CME FedWatch Tool.
That happened last week, when the Nasdaq Composite on Thursday saw its biggest one-day decline since February after Tesla reported smaller profit margins due to price cuts in its latest quarter, and Netflix missed revenue expectations. Record heat is killing American workers A searing heat wave bearing down across the United States is causing deaths, hospitalizations and rising concerns about safety for Americans expected to work outside in hazardous conditions.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »