New Delhi, Sept. 2 -- The ruling last week deeming the majority of President Donald Trump's tariffs illegal likely has cemented the case for a Federal Reserve rate cut later this month, with the central bank now able to focus on a slowing jobs market.

But the ruling still leaves stocks in a window of uncertainty as the decision makes its way to the Supreme Court.

The U.S. Court of Appeals for the Federal Circuit upheld a lower-court ruling that challenged the president's use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on a range of imported goods. While the ruling allowed the president's levies to remain in place for at least another six weeks, uncertainty surrounding the case's final outcome co...