The downgraded estimate follows a jobs report for July that was much worse than expected
The central bank is poised to cut its benchmark interest rate next month from its 23-year high
High valuations, uncertainties loom in second half
Deal volume up, value soared driven by more "mega" deals
Refinancing activity drove new issue spike, even as defaults rise
Year-over-year inflation reached its lowest level in more than three years in July
Market cap rose, alongside trading volume and value, group reports
Great-West, Manulife enjoyed strong second-quarter results
Earnings, revenue headwinds eased in second quarter, Fitch reports
Asset quality, capital expected to remain strong