In early September 2026, President Trump publicly demanded the Federal Reserve cut interest rates, linking it to trade policies and citing a strong jobs report as justification. Contrary to his expectations, the Fed raised rates 12 days later, citing solid economic activity and persistent inflation above target. The strong August jobs report showed a notable increase in employment, but the Fed prioritized inflation control over Trump's calls for cheaper borrowing costs. This episode highlighted the tension between presidential economic priorities and the Fed's independent mandate.
Regarding President Trump's call for the Federal Reserve to cut rates, here is Pluang's snapshot of the Financials sector as of Oct 07, 2026 21:02 WIB: Out of 85 priced US Financial stocks, 7 rose and 78 fell. Notable movers include AVAT at USD 1.78 down 13.59%, FUTU at USD 107.33 down 5.19%, and DB at USD 33.35 down 5.07%.
Arcutis Biotherapeutics has appointed Dr. Rob Scott, a seasoned pharmaceutical executive with over 40 years of experience, to its Board of Directors. Dr. Scott's expertise in developing and securing approvals for innovative medicines, including derma...
Air Canada and CAE announced the opening of applications on November 1, 2026, for the 2027 Commandante-Judy-Cameron scholarships. These scholarships support up to eight Canadian women pursuing professional pilot or aircraft maintenance technician tra...
The Legacy Lab by Team One released its 2026 Legacy Makers 100 list, identifying brands consumers trust to have their best interests at heart and remain relevant long-term. St. Jude Children's Research Hospital topped the list for the second year. Th...
Circuit Mind has introduced AVE (Agentic Verification Engine), an AI-powered application that verifies printed circuit board (PCB) schematics against datasheets and internal design rules to catch errors early and avoid expensive respins. AVE compleme...
Grabar Law Office is investigating claims against officers and directors of Erasca, Planet Fitness, PROCEPT BioRobotics, and The Simply Good Foods Company for alleged breaches of fiduciary duties. The investigations focus on misleading statements and...
