ThemusicalG

Traders on the prediction-market platform Kalshi are now assigning a meaningful probability to the scenario in which all three major Election Day winners come from the Democratic Party.The prediction market platform reflects speculative wagers, not how voters will actually cast their ballots on Nov. 4.Traders place the odds of cemocratic socialist Zohran Mamdani winning the New York mayoral race at 92% while former Gov. Andrew Cuomo, who is running as […]

The Federal Reserve cut interest rates for the second time in 2025 last week, though one member of the central bank's monetary policy committee voted against cutting rates, citing concerns over inflation.Policymakers on the Federal Open Market Committee (FOMC), which guides the Fed's monetary policy, voted 10-2 in favor of lowering the benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4%. One dissenter, Fed […]