The final pieces of the puzzle have fallen into place, and the verdict is in: the Federal Reserve is going to cut interest rates. That growing certainty has unleashed a powerful and unified wave of optimism across the globe...

Powell’s speech at Jackson Hole conceded a half-point rate cut at the September meeting was possible and, while the future looked cloudy immediately after that, nothing was going to stop Trump and next year’s Fed from continuing to lower rates.

Examining the recent CPI data shows rapidly rising costs for food consumed at home.