ADP report reveals unexpected job losses, intensified by the ongoing government shutdown and delayed BLS data.
The 25-basis-point reduction aims to bolster a cooling economy amid slower job growth and easing inflation.
Citing a weakening labor market, the central bank lowered its benchmark rate by 25 basis points to a target range of 4.0% to 4.25%.
S&P Global Ratings report highlights risks of low profitability and credit shocks in the Chinese banking sector as Beijing prioritizes economic growth.
Appeals court rules former president exceeded authority, but tariffs remain in place pending potential Supreme Court review.
Trump administration cancels $679 million in federal support and halts a nearly-complete project, citing national security concerns.
The July Core PCE Price Index rose to 2.9% annually, matching consensus forecasts but doing little to move the needle on a September rate cut.
Upward revision from the Bureau of Economic Analysis was driven by stronger business investment and consumer spending.