The Federal Reserve is expected to lower interest rates by a quarter percentage point today to support a weakening US labor market, signaling a shift in policy after months of holding rates steady due to inflation concerns. Economists anticipate two rate reductions in 2025, but officials are divided over how aggressively to cut, as inflation remains above target while job growth has slowed.

Institutional investors, including pension funds, hedge funds, and asset managers, are expected to strongly oppose President Donald Trump's proposal to end quarterly earnings reports. Many rely on frequent disclosures to closely monitor company performance and manage risk. Investors argue that quarterly updates are essential for tracking developments and making informed decisions, especially during volatile periods.

Bond traders are increasingly expecting at least one half-point rate cut by the Federal Reserve before the end of the year, spurred by a cooling labor market and concerns about economic weakness. While a quarter-point cut is widely expected at the upcoming meeting, notable options and futures trading activity reflects hedging against the possibility of more aggressive easing, particularly around the December policy decision.

The Bloomberg Dollar Spot Index has dropped for a third consecutive day, reaching its lowest level since March 2022, as traders anticipate the Federal Reserve's decision on interest rates. The euro and yen have strengthened against the dollar, with the euro reaching a four-year high.

The US has begun the formal review process for the United States-Mexico-Canada Agreement, inviting public comments over the next 45 days. The review will culminate in reports to Congress evaluating the deal's effectiveness and outlining possible changes or the US position on extending the agreement. The process is expected to be contentious, given the current trade climate and the looming 2026 mandatory joint review deadline.

The New York City Health Department has issued a warning about potential measles exposure in the Lower East Side and SoHo areas of Manhattan. Two cases have been confirmed and, while the overall public risk is low due to high vaccination rates, unvaccinated individuals or those with underlying health issues who were in the affected areas are at higher risk. The city has recorded 13 measles cases this year amid a broader increase in the US and globally.

A new generation of Asian-American wine bars in New York City is redefining how wine pairs with Asian cuisine. Rather than relying solely on riesling, these bars -- including Lei, Sunn's, Tolo and Lai Rai -- curate diverse wine lists that match the complexity and regional variety of their dishes. This movement encourages diners to explore classic and unconventional pairings, positioning wine as a central part of the Asian dining experience.

Adaptive leadership strategies are vital for female leaders guiding their companies through unpredictable times, writes Maria Doughty, the president and CEO of The Chicago Network, who underscores how intentionality and adaptability are essential for responding to challenges such as economic shifts or organizational changes. Doughty offers eight ways to practice adaptive leadership, including leading with calm empathy, showing both strength and vulnerability strategically and engaging in self-care to ease stress.