Wall Street is rallying on Friday after the head of the Federal Reserve indicated cuts to interest rates may be coming, though he gave no clear clue about when.

Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.

The markets skyrocketed on Friday with the Dow, Nasdaq and the S&P 500 all up nearly two percent after Federal Reserve Chair Jerome Powell’s signaled an interest rate cut could be coming next month. NBC’s Christine Romans joins Saturday TODAY to break down what you need to know.