🚨🚨🚨 Biggest security breach': 1000s of pagers explode 💥 across Lebanon, many Hezbollah fighters hurt; 8 dead ☠️.

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🚨 CFTC Chair Benham says they are scrutinising offshore betting platforms with US 🇺🇸 users, vows to take action against any violators: BBG

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📊 Here are the current betting odds for what Jerome Powell and the 🇺🇸 Fed will do tomorrow according to Kalshi.

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🇺🇸 Jerome Powell of the Federal Reserve is less than 24 hours away from telling us that everything will be ok 😄

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🚨🚨🚨 JUST IN: #Tupperware files for bankruptcy.

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🇺🇸 Crypto industry spent $190 MILLION on the 2024 US election so far — CNBC

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🇾🇪 Elon Musk's Starlink satellite internet is now available in Yemen.

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🇺🇸 Donald Trump says Russia and China are not enemies, and the United States will get along great with them if he is elected president.

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🇺🇸 Trump opens huge lead over Kamala Harris in electoral college projections - RCP

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🇺🇸 SUMMARY OF FED DECISION (9/18/24):

1. Fed cuts interest rates by 50 bps for first time since 2020

2. Fed sees 2 more 25 basis point rate cuts in 2024

3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut

4. Fed gained "greater confidence" that inflation is moving to 2%

5. Fed will "carefully asses incoming data" and evolve outlook

6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026

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📣 Amazon $AMZN is raising the pay of its hourly warehouse workers by at least $1.50 an hour up to an average base wage of more than $22 per hour

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🇪🇺🇷🇺 European Union allocates $1.56 billion in profits from frozen Russian assets to purchase weapons for Ukraine's war with Russia.

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🇺🇸 Last 2 times the Fed’s first cut was 50+ bps:

▫️Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession

▫️Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession

▫️Sep 18, 2024
- ?
- ?
- ?

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