Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.

The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.

As anticipation builds around the Federal Reserve’s likely interest-rate cut next week, J.P. Morgan Asset Management’s Phil Camporeale is keeping his eye on the behavior of a particular Treasury bond amid inflation risks.

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.

If the president succeeds in ousting Fed Governor Lisa Cook, his appointees would soon make up a majority of the Federal Reserve Board. That could give him greater influence over the central bank.

Morgan Stanley’s economists have quickly swung their stance on interest-rate cuts, and in a new note to clients on Friday are forecasting four consecutive quarter-point rate reductions.

Fed expected to cut rates next week as markets price in 95% chance. Analysts say easier policy could unlock liquidity for crypto breakout. This week’s Bitcoin ETF inflows topped $1.7 billion.

The Labor Department on Tuesday issued a stunning downward revision of 911,000 fewer jobs added for the 12 months through March 2025.