The House of Representatives passed the annual defense bill, the National Defense Authorization Act (NDAA) for Fiscal Year 2026, highlighting the $900.6 billion budget that increases troop pay by 4%, supports developing technologies like the Golden Dome defense system, promotes military readiness, and helps deter China and Russia.

The Federal Reserve's Federal Open Market Committee (FOMC) announced on Wednesday that it would lower the target range for the federal funds rate by 25 basis points, a quarter-point cut, to 3.50%–3.75%.