The Latest Breaking News from Jan Hatzius

Economic tremors ripple across financial markets as shifting global dynamics push major banks to alter their interest rate forecasts. J.P. Morgan now expects the Federal Reserve to cut interest rates by 25 basis points at its September meeting, moving up its forecast from December.

The July Federal Reserve meeting may go down as the most divided in over three decades, as two key board members, Michelle Bowman and Christopher Waller, broke ranks by voting for a rate cut, while Chair Jerome Powell and the majority held rates steady.

A shockingly soft labor report reignited Wall Street's recession fears, but Corporate America might be telling an entirely different story—one that shows signs of strength not seen in years.

Stocks moved more than 1% again Monday, this time to the upside following the Jobs Friday sell-off.