The Federal Reserve is widely expected to cut interest rates on Wednesday following a strong week for stocks. Meanwhile, Pfizer announced positive trial data for a new drug that treats cancer cachexia, potentially offering a first-of-its-kind treatment option.
The Federal Reserve is widely expected to cut interest rates on Wednesday, following a strong week for stocks. Pfizer released positive trial data for a drug that treats a common condition affecting cancer patients.
The long-awaited Federal Reserve interest rate cut may finally arrive this week. The central bank's policymakers are set to announce Wednesday whether they will ease policy after inflation and job growth started to slow in recent months. Heading into the week, traders are pricing in a 59% chance that the central bank will cut its target rate by 0.5 percentage points, according tosaid"appears to be an attempted assassination.
The former president was playing at his Florida golf club when U.S. Secret Service officers"opened fire on a gunman located near the property line" of the course, Special Agent Rafael Barros said at a press conference. It was unclear where the gunman was aiming or if the person fired any shots. The person who the Secret Service shot is in custody and was identified as Ryan Wesley Routh, three senior law enforcement officials told NBC News.
– CNBC's Pia Singh, Rebecca Picciotto, Annika Kim Constantino, Gabrielle Fonrouge, Alex Sherman, Lillian Rizzo and Jake Piazza contributed to this report.
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