Fed on the Verge of a Historic Rate Shift: Weekly Initial Jobless Claims at Highest Level in Almost 4 Years - ECB Keeps the key Interest Rate Unchanged - DAX Reacts Slightly Positively - Nebius Raises Nearly $3.75 Billion for Lands for Building and Data Centers - Amazon Starts Zoox in Las Vegas - Opendoor Technologies Focuses on AI for Digital Real Estate Markets - Oxford Industries Surges after Reaffirmed Annual Forecast

Federal Reserve - The US central bank is on the verge of a historic interest rate shift: Labor market data convinces markets of a September rate cut The US bond markets are experiencing a strong rally after moderate inflation data and weakening labor market indicators have significantly increased the likelihood of the Federal Reserve implementing its first interest rate cut of the year. Two-year Treasury bonds rose, pushing yields down by three basis points to 3.51%. Money markets are now nearly fully pricing in three rate cuts by the end...