Business News Update — May 08, 2026 6 PM Eastern

Clockwise Business News — The Federal Reserve has just held interest rates steady, but hinted at future cuts if inflation trends continue downwards. This is Clockwise business news, 6 PM Eastern. The Fed's latest statement, following its policy meeting, suggests cautious optimism regarding economic stability. Analysts view this as a dovish hold, providing mild market relief. Meanwhile, tech powerhouse Nexus Innovations reported impressive first-quarter revenues, surpassing analyst forecasts.