Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock features little change this morning after closing out flat in Monday's trading session. Investors in wait and see mode ahead of the Fed's meeting in Jackson Hole, where traders will search for clues on the central bank's plans for interest rates. Plus, Home Depot out with its earnings results.The world's largest home improvement company posting disappointing s ...

Interest Rate Expectations - Goldman Sachs now anticipates three rate cuts in 2025 [1] - The initial rate cut is projected for September [1]

Monetary Policy & Interest Rates - MetLife Investment Management has anticipated the Federal Reserve to begin cutting rates in September [2] - The market is pricing in a rate cut in September as a done deal [5] - The Federal Reserve research institution is aligning towards rate cuts in September [4] - A steady decrease in rates is more likely than a larger rate cut due to concerns about making a "transitory bet" twice in a row [6] Labor Market - MetLife Investment Management signaled softening in the labor market before the last jobs report revisions [2] - AI's productivity boost will come through the labor quality channel [9] Inflation & Tariffs - The Federal Reserve views tariffs as a temporary price increase [4] - The impact of tariffs on prices is expected, but most economists believe it will be transitory [6] Investment Strategy - MetLife Investment Management is most bullish on financials, which could benefit from volatility, curve steepening, and financing productivity [7] - Banks with the best organizational structures will have the upper hand in financing the productivity story [8]

RT The Rollup (@therollupco)"People are trying to figure out how to time the market more or less with the rate cuts." - @ayyyeandy"I'm seeing is two different schools of thought, one is markets going to end in Q4, other is higher for longer super cycle.""These guys aren't first cyclers." - @robbie_rollup"Our audience has been around for a while." ...

PPI came in VERY hot.Essentially meaning Inflation is rather high.This does not bode well for rate cuts happening.However, the FedWatch is still anticipating a rate cut in september at 94.5% chanceOctober, currently pricing in a 59% chance at a SECOND rate cut, 39% chance at it staying flat after September cut&& what is even WILDER is December is a 47.8% chance at a THIRD rate cut, with a 42.9% chance that it stays flat after a SECOND rate cut in October... ...

Stick with me here. Let's bring in David Wessel, senior fellow in economic studies at the Brookings Institution. He suspects that putting more names on the Fed chair uh potential list will put even more pressure on Powell when it comes to rate cuts.David, uh let let's put this back on the screen here. These uh these Fed chair candidates for just a moment. It looks like a choir all singing against uh what the Fed chair uh Jay Powell has been doing and perhaps in support of President Trump's call for rate cut ...

Speaking of the Fed, let's uh turn to Steve Leeman because we have some new potential replacements for Chair Pal that are being floated. Mr. . Leeman broke that story.He's got the details for us. Steve. Yeah, good morning, David.CNBC learning that the Trump administration currently considering 11 candidates that include three includes three names that have not previously been disclosed. All those to replace Federal Reserve Chairman J. Pal when his term expires in May.According to two administration official ...

Wall Street might do even better if the Federal Reserve cuts interest rates. The president was pretty clear yesterday, put out this comment to Rome, to Lake Powell, must now lower the interest rate. Is it reasonable to give them a bit more time to draw conclusions about what's happening here.Well, I think what we could see is that, first of all, if what if the BLS data had been the higher quality and we've had those numbers, Jonathan. So if we'd seen those numbers in May, in June, I suspect we could have ha ...

🇺🇸 U.S. Treasury Secretary Bessent says we should already be 150–175 bps lower on the Fed’s rate.More cuts = more liquidity = bullish for Bitcoin 🐂 https://t.co/nsicHyF5uS ...

🇺🇸 LATEST: Treasury Secretary Bessent expects Fed to begin rate cuts in September with 50 bps. https://t.co/VIMg2qQpWi ...