Traders see Fed waiting until September for first interest-rate cut

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Traders see Fed waiting until September for first interest-rate cut
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Before the data, traders saw about a 9% chance of a rate cut when the Fed meets next week, but knocked that down to under 7% after a report showed the...

- Traders added to bets the Federal Reserve will wait until September to start cutting interest rates after the latest data showed the U.S. economy regained steam in the last quarter. Before the data, traders saw about a 9% chance of a rate cut when the Fed meets next week, but knocked that down to under 7% after a report showed the economy grew at a 2.8% pace last quarter, faster than had been expected.

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LONDON — A British police officer was suspended from all duties Thursday after a video was posted on social media that appeared to show an officer kicking and stamping on the head of a man lying on the floor of a terminal at Manchester Airport.The Federal Reserve's key inflation rate came in a touch hotter than expected in the second quarter, as U.S. GDP growth perked up after a slow start to the year, the Commerce Department reported Thursday.

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