The Federal Reserve just delivered a jolt to Wall Street—and sent a ripple through history. The Federal Open Market Committee (FOMC) voted 9-2 to hold the federal funds rate steady at 4.25%-4.5%. It sounds routine, but don’t be fooled: this is the first time since 1993 that more than one Fed governor has publicly dissented
🚨 Fed Day brings high-stakes suspense: Odds for two 2025 Fed rate cuts have fallen to 36%, just one cut sits at 25%, and the chance of no cuts is climbing to 20%. All eyes are on Powell—if he doesn’t hint at a September cut, expect yields to surge. Markets and policymakers are holding their breath; today’s decision could define the rest of the year
BREAKING: Europe’s largest lender, HSBC, just reported its Q2 2025 results: profit before tax came in at $6.3B—falling short of expectations and marking a steep 29% drop year-over-year. Revenue also dipped slightly to $16.5B, compared to the $16.67B consensus.