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Stablecoin issuer Tether notches $5.2bn profit in first half of 2024

Fed decision: The US central bank is expected to maintain the current federal funds rate at the end of its two-day meeting. Investors will be on watch for clues of a possible September rate cut amid signs of a cooling US economy.

Meta: The Facebook parent is expected to report earnings of $4.71 a share on $38.3bn in revenue, which would be a 20 per cent increase from a year earlier.

Other companies: Boeing, KKR, Marriott, GE Healthcare and Mastercard will report earnings before the bell.

US private payrolls: ADP will release its US employment report for July, which will give insight into the labour market before the official government figures on Friday. Private payrolls are expected to have added 150,000 jobs, matching the June figure.

Employment costs: US government data is expected to show employment costs increased 1 per cent in the second quarter, compared with a 1.2 per cent increase in the first three months of the year.