🇺🇸 Trump opens huge lead over Kamala Harris in electoral college projections - RCP

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🇺🇸 SUMMARY OF FED DECISION (9/18/24):

1. Fed cuts interest rates by 50 bps for first time since 2020

2. Fed sees 2 more 25 basis point rate cuts in 2024

3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut

4. Fed gained "greater confidence" that inflation is moving to 2%

5. Fed will "carefully asses incoming data" and evolve outlook

6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026

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📣 Amazon $AMZN is raising the pay of its hourly warehouse workers by at least $1.50 an hour up to an average base wage of more than $22 per hour

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🇪🇺🇷🇺 European Union allocates $1.56 billion in profits from frozen Russian assets to purchase weapons for Ukraine's war with Russia.

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🇺🇸 Last 2 times the Fed’s first cut was 50+ bps:

▫️Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession

▫️Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession

▫️Sep 18, 2024
- ?
- ?
- ?

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🚨 WASHINGTON (AP) — FBI: Iranian 🇮🇷 hackers sent unsolicited information stolen from Trump 🇺🇸 campaign to people associated with Biden's campaign.

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🇯🇵 Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy.

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BREAKING: 🇺🇸 Stock market futures soar to new record highs as traders react to the first Fed rate cut since March 2020.

The S&P 500 and Nasdaq are now up over 20% this year alone.

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🚨🚨 Canada's 🇨🇦 central bank has decided to abandon plans for a central bank digital currency (#CBDC), known as the "digital loonie," after nearly five years of research, without specifying a clear reason.

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🇯🇵 Japan now has 9 million empty homes as it struggles with a declining and ageing population.

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🇺🇸 BULLISH: U.S. Initial Jobless Claims drop to 219K—lowest since May.

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🚨🚨 105 out of 114 economists were wrong (in expecting 25bps).

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