Rate cuts to start materializing by mid-year
Strong trading activity offsets weakness in underwriting, M&A
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Central banks' next moves likely to be cautious, data-driven
Another rate hike this year will likely remain on the table, and Fed officials may project fewer cuts for next year
Weakness in China, tighter financial conditions weighing on outlook
Narrowing bond spreads signal confidence in borrowers, economy
Reiterates the central bank's determination to keep its benchmark rate elevated until inflation falls to 2% target
As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints
Policymakers said they "need to see more data" to be sure inflation pressures are abating