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Former South Carolina governor endorses underdog in Senate runoff
Ralph Norman's odds of winning the 2026 South Carolina Republican Senate special primary drop -14pp to 24%, making him the market's biggest political mover on $307,886 in 24-hour volume. Former Governor Mark Sanford backed Norman over rival Darline Graham, declaring "the stakes are simply too high," a high-profile endorsement that reshuffled bettor sentiment in this closely watched runoff.
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Will the Fed Pause–Pause–Pause in the next three decisions (Jun–Jul–Sep)?
The Fed has already held at 3.50%-3.75% through its June and July meetings, meaning two of the three required pauses are confirmed facts on the ground, only the September decision remains open. With the effective fed funds rate flat at 3.63% and the target range unchanged as of August 22, there is no sign of an imminent move, and the Fed's recent communication posture has been cautious amid still-uncertain inflation and labor data. The sole remaining risk is a September cut or hike, which would require a significant shift in the data or Fed guidance between now and the September FOMC meeting, a relatively short window with no current signal pointing that direction.