The Supreme Court is set to hear arguments on January 10th regarding a law that would ban TikTok unless it is sold to an American company. This expedited case comes just nine days before the federal ban is scheduled to take effect. TikTok has filed an emergency appeal, arguing that the ban is unconstitutional. The Supreme Court will review the merits of the case, which has already been addressed by a lower court in DC. The outcome is uncertain, and it is unclear if a decision will be made before the ban's effective date. Meanwhile, the Federal Reserve is anticipated to announce another interest rate cut, likely by a quarter of a percentage point, marking the third consecutive cut. This move aims to lower borrowing costs for households and businesses. However, with inflation slightly higher than expected, the Fed might delay further rate cuts planned for next year. The Fed's forecast and the chair's comments will be closely watched, especially considering potential policy changes under President-elect Trump that could impact inflation and the economy.