Markets are highly confident that the Federal Reserve will announce another cut in interest rates at the next policy meeting on Nov. 7, two days after the election. The uncertainty is whether the cut will be 25 or 50 basis points.

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Congress passed a funding bill Wednesday to avert a government shutdown next week. If signed by President Biden, which is expected, the bill will fund the government through Dec. 20, setting up another spending fight just before the holidays.
Florida’s upper west coast braces for Hurricane Helene for a Thursday evening or early Friday morning landfall. The National Weather Service warns: “A catastrophic and deadly storm surge is likely along portions of the Florida Big Bend coast, where inundation could reach as high as 20 feet above ground level, along with destructive waves.

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