The ISM Services PMI unexpectedly fell to the breakeven point of 50, missing market forecasts and raising new questions about US economic momentum.
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%.
Chinese proptech firm reports a 45% jump in first-half sales, but swings to a net loss as margins tighten.
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.