Inside Scoop newsletter: The Fed hopes the third cut’s the charm

It’s hump day and rate cut day, so I tapped senior business correspondent Christine Romans to share her reporting from the briefing with Chairman Jermone Powell.

It’s hump day and rate cut day, so I tapped senior business correspondent Christine Romans to share her reporting from the briefing with Chairman Jermone Powell. Her takeaway? There seems to be no magic bullets for some of the economic issues affecting everyday people. But the Fed has to do something, so here we are.

Though if you are visiting the U.S. from overseas, and you have some questionable social media posts, you may want to reconsider your travel plans. On Here’s The Scoop, I spoke with Julia Ainsley, who is reporting on a new social media policy that may affect many travelers coming to the States.

Today’s newsletter was produced with senior editor Michelle Garcia. Let’s get into it.

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As expected, the Federal Reserve cut interest rates this afternoon by a quarter point, to help stabilize the softer labor market without stoking inflation.