The Irony of Celebrating a Weaker Economy

After celebratory markets late last week following indications that the Federal Reserve will lower interest rates at its September meeting, this week is starting with a bit of a headache. Markets are eager for a rate cut, but signs of a weaker labor market and uncertainty from tariff and immigration policy are complicating the economic picture. Then, Australia is hoping to ease the rare earths bottleneck after China said it's tightening controls on mining and processing.