Oil traders are rushing to grab supertankers to haul crude on a key route from the Middle East to Asia, bolstering earnings to the highest level in two-and-a-half years as suppliers across the region jack up output.



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Wall Street traders are all but certain the Federal Reserve will cut interest rates by a quarter percentage point later today. They’re also fairly sure Chair Jerome Powell will signal further reductions aimed at supporting a saggy labor market.



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JPMorgan Global Research Chair Joyce Chang discusses what to expect from the Federal Reserve’s interest-rate decision. “I think you’re going to get a 25 basis-point cut,” she tells Bloomberg Television, adding that the central bank is “going to really take a look at the employment mandate” following August jobs data. “We think that you’re still going to get 25 basis-points cuts at the subsequent meetings, but look at about 100 basis points in total,” Chang says. (Source: Bloomberg)



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